Facebook Launching its Own Crypto Soon

Social Media giant, Facebook, is very interested in creating and offering their own cryptocurrency. There have been many attempts to implement digital currencies into messaging and social media platforms, in the past. This will mark a major milestone for social media and customer¬† outreach. The Times reported that Facebook will be releasing their digital currency by the first half of 2019. Currently, Facebook has a user base of 2.5 billion people worldwide. Facebook is working on a stablecoin for its messaging service and in recent months they have enlisted a strong blockchain team for the project. The company currently has openings for 20 blockchain linked positions, with a established team of 50 blockchain engineers already working on the project. Facebook’s mission is to integrate users across its whole social media portfolio including: Messenger, WhatsApp, and Instagram. Keep an eye out on your apps in the near future, and note the new features that pop up!

Leave a Reply

Your email address will not be published. Required fields are marked *

TRENDING TOPICS

Harvard Purchased a Cryptocurrency!

Harvard University has recently bought into a

18 Apr, 2019

The SEC Publishes its Highly Anticipated Crypto Token Guide

Token issuers now have guidance from the

06 Apr, 2019

Subscribe To Our Newsletter

Keep in touch with the latest news and the most efficient ways to trade your digital cash today.