This is according to a New York Times report which states that Facebook’s “working on a coin” that will allow users to send and receive virtual cash to contacts, similar to Venmo and PayPal.
However, the report showed that the publication reached out for comment and Facebook did not directly address its work on a digital coin. Cryptocurrency publication Coindesk also reported the same news stating that a source confirmed that the company is working on a stable coin, based on past meetings with the Menlo Park company.
In December 2018, Bloomberg was the first to report the news stating that the coin would allow users to transfer money on WhatsApp and that it would be a type of digital currency pegged to the US dollar. Other messaging services such as Signal and Telegram are also reportedly working on their own digital currencies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WhatsApp is working on an Advanced Search feature | IOL Business ReportMessaging platform WhatsApp is working on a new feature to better their chat search function according to WABetaInfo.
Source: IOL - 🏆 46. / 51 Read more »
WATCH: inDriver, a bargaining ride-hailing app has launched in SA | IOL Business ReportThe ride-hailing app called inDriver that lets passengers bargain for a good price, has arrived in South Africa.
Source: IOL - 🏆 46. / 51 Read more »
LOOK: SA's most extraordinary and expensive mansions | IOL Business ReportSeeff Properties currently has five extraordinary mansions listed for between R69 million and R180 million.
Source: IOL - 🏆 46. / 51 Read more »
ANA celebrates 4th birthday marked by strong growth | IOL Business ReportToday, ANA stands tall as the only true news agency service, providing content to a wide range of subscribers, both local and international, across text, photo, video and graphic formats. busrep
Source: IOL - 🏆 46. / 51 Read more »
LOOK: This Cape Town property raises price ceiling to R22.5m | IOL Business ReportThe price ceiling for a Cape Town City Bowl apartment has just lifted to a record price of R22.5 million for a luxury penthouse in Higgovale.
Source: IOL - 🏆 46. / 51 Read more »
#Datamustfall: SA data more expensive than in rival and neighboring economies | IOL Business ReportMobile data in SA is more expensive than in regional economic rivals Nigeria and Egypt and compared to regional neighbours Zambia and Malawi.
Source: IOL - 🏆 46. / 51 Read more »
Dineplan app wins Most Innovative Tech Solution award | IOL Business ReportDineplan took first place as the Most Innovative Tech Solution in the Food and Beverage Industry at the Cape Town Experiences Magazine Awards 2019.
Source: IOL - 🏆 46. / 51 Read more »
Botswana agrees to extend $95mn credit line to Zimbabwe: minister | IOL Business ReportZimbabwe is currently facing a crippling foreign currency shortage that has affected the importation of essential commodities. busrep Sadc should just put Zimbabwe under administration for 5 years,run its finances with administrator from Botswana.Or 10 years down the line Zim economic situation will be in same position.
Source: IOL - 🏆 46. / 51 Read more »
Alex Forbes is facing a ‘de facto’ takeover | IOL Business ReportFirm is set to emerge as the biggest loser in a deal that would see it dispose of its short-term insurance business
Source: IOL - 🏆 46. / 51 Read more »
Mantashe shrugs off Amcu demand to arrest bosses after fatalities | IOL Business ReportMineral Resources Minister Gwede Mantashe has shrugged off calls for the government to arrest mine bosses.
Source: IOL - 🏆 46. / 51 Read more »