In an attempt to help WhatsApp users convert money, Facebook reportedly generates a digital currency. Informal sources told Bloomberg that the company is working on a stable, a coded currency linked to the value of the US dollar, and is said to be looking forward to the Indian remittance market.
According to sources, the company has not yet approached the availability of currency and continues to develop its strategy, such as how to use conservation assets to protect the value of stable. "Like many other companies, Facebook is exploring ways to take advantage of the power of blockchain technology," a Facebook spokesman said. "This new small team is exploring many different applications, we have nothing else to share."
Bloomberg pointed out that many projects – more than 120 of them – are pursuing ideas in a stable space. The aim of using this type of cryptocurrency is to create a more stable payment method for your daily purchases. WhatsApp has more than 200 million users in India – According to the World Bank, consumers sent $ 69 billion to the country last year.
The news comes as Facebook looks forward to the development of its collective team, according to a report released earlier this month. The report pointed out that the social media company had participated on its jobs page, looking for data scientists, data engineers, software engineers and product marketing leaders for its computer-focused team.
"Blockchain is an emerging Facebook company with a vision to make blockchain technology work across Facebook, and we're exploring a lot of areas of interest across all aspects of blockchain technology," said the announcement.
Facebook already has about 12 people working on the blockchain and digital currency, previously reported. The team is headed by former Facebook chairman David Marcus, who was also a former member of the board of directors at Coinbase.