Feb 28 Facebook Plans to Become World’s Biggest Central Bank?
According to The New York Times (NYT), Facebook is creating its own cryptocurrency. It would be used on WhatsApp, which Facebook owns, to facilitate transactions between users.
Facebook’s move is clearly to counter the threat from up and coming messenging rivals Telegram and Signal.
NYT said that the Facebook secret effort to build its own cryptocurrency “started last year after Telegram raised an eye-popping $1.7 billion to fund its cryptocurrency project”.
https://medium.com/@lancengym/facebook-plans-to-become-worlds-biggest-central-bank-7d99d967b73c