money and information is Power. The American Social Media group Facebook know. With the daughter company WhatsApp Facebook gets into the financial system.
Silicon Valley With WhatsApp pay, and send money? For a good year of the subsidiary-group from Facebook has been testing the Whatsapp Blog WABetaInfo, according to a new Payment feature – so far, however, this works only in India. Now Facebook is more clearly a step.
For Facebook’s Super-developers from the Silicon Valley, according to Reports by the news site Bloomberg on it’s own crypto currency. With the Blockchain technology, the group intends to enter according to the report, in the multi – million dollar financial and money transfer market in India.
Whatsapp: Facebook develops digital currency
Facebook developed non-identified informants Bloomberg’s according to a so-called “stablecoin”: The digital currency is pegged to the US Dollar, and should be much more stable (stable), as other digital currencies, such as the better-known Bitcoin.
Connects to Facebook its own Blockchain technology in India tested Payment and a credit transfer function of Whatsapp, this would be a gigantic increase of power for the American group. The reason: Around 200 million people in India WhatsApp. At the same time in 2017 Transfers at a value of 69 billion dollars to India went according to Bloomberg in the year. These Mega-sums run through Facebook’s own crypto-currency via WhatsApp, could earn the group the Remittances of the Indian population properly.
It is not Facebook’s first entry
The entry of Facebook in the financial services is not surprising: In the year 2014 dedicated Facebook David Marcus, who stood at the top of the Online payment service PayPal. Marcus directs according to Bloomberg, the Blockchain initiatives of Facebook.
read also: WhatsApp: This new Service faces criticism
Also interesting: WhatsApp-Change: This practical function is switched off