Tag Archive: stablecoin

Facebook Targets Indian Money Transfer Market Using Crypto – An Article

  6 months ago     126 Views     Comments Off on Facebook Targets Indian Money Transfer Market Using Crypto – An Article  

The Full Article was Originally Posted on CoinCentral.com authored by ELIZABETH GAIL Facebook is reportedly working on a cryptocurrency money transfer application that will be integrated into WhatsApp. The service, which is set to be launched in India upon approval, will apparently target the remittances market. According to Bloomberg, WhatsApp is developing a stablecoin for the project, and its value will be pinned to that of the U.S. dollar. A stablecoin will be able to overcome the huge price swings that affect the value of digital currencies such as Bitcoin whose rates can shift by over 10 percent within 48…

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