Stablecoin for Whatsapp
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According to this news portal Bloomberg, its first goal for this coin should be the Indian market Remissenmarkt. This Facebook is developing a steady currency for Whatsapp in its blockchain research department. It is important for the Indian market, which is considered to be the first region to get this facility.
This is a stable currency for Whatsapp, from the point of view of Facebook, because the value of the coin is preserved and there are no users in this way. This is a payment from the remised emerged workers who send money to their families at home. According to the World Bank, in 2017, India received approximately $ 69 billion in remittances from 2.8 percent of GDP to the world.
This has led to a strong increase in the number of users in rural areas especially due to falling prices for mobile telephony. In India, the number of Whatsapp users should be more than 200 million. Its Worldwide Facebook still has 2.5 billion users and annual sales of $ 40 billion. He was already under contract with the famous Crypto Exchange, Coinbase. The blockchain research division of this company found an experienced member of David Marcus.
It will have tremendous growth potential in India, but at the same time, but its MPs will not be easy to issue a crypto for 480 million Indian Internet users. It develops into a stable currency for Whatsapp, which will be a strong first step. It is developing under the guidance of the company's own blockchain management Marcus and Facebook is hoping to bring this project and implement legal requirements.
[pics-source](https://pixabay.com/en/internet-whatsapp-smartphone-3113279)
0.000 SRY