Facebook Launches Its Own Cryptocurrency in the First Half of 2019
An article in the New York Times reports that Facebook’s leadership is negotiating with several crypto exchanges about a possible listing of their own cryptocurrency.
The Facebook token, characterized by Bloomberg as a stablecoin, is now considered very promising. Social media giant reaches a target audience of 2.5 billion users. Therefore, any of Facebook’s project interests the public.
Recently, the company has strengthened its team of blockchain developers. More than 50 people are working now on the creation of cryptocurrency which will be implemented in the most important projects of the social media giant, such as Facebook Messenger, WhatsApp, and Instagram.
E-CHAT Team’s Opinion
Finally, Facebook saw the potential of cryptocurrency. Better late than never, we guess)) We all know that tokens are an excellent base for economic and functional growth.
Let's see what a stablecoin will be created by Facebook. We will keep you informed!