{"id":3496,"date":"2019-02-28T23:51:53","date_gmt":"2019-02-28T23:51:53","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=3496"},"modified":"2019-02-28T23:54:35","modified_gmt":"2019-02-28T23:54:35","slug":"facebook-secretly-talking-with-bitcoin-exchanges-about-listing-its-whatsapp-cryptocurrency","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/facebook-secretly-talking-with-bitcoin-exchanges-about-listing-its-whatsapp-cryptocurrency\/","title":{"rendered":"Facebook Secretly Talking with Bitcoin Exchanges about Listing its WhatsApp Cryptocurrency"},"content":{"rendered":"\n
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Facebook\u2019s blockchain team has made a significant amount of progress on its secretive cryptocurrency project since Bloomberg first reported that the company was building a dollar-pegged stablecoin. So much progress, in fact, that you may soon find the WhatsApp-focused cryptocurrency listed on a bitcoin exchange near you.<\/p>\n\n\n\n

FACEBOOK HAS ALREADY MET WITH BITCOIN EXCHANGES TO DISCUSS ITS WHATSAPP TOKEN<\/h2>\n\n\n\n

According to The New York Times, Facebook has already quietly met with multiple bitcoin exchanges<\/a> to discuss using their platforms to issue the token to consumers.<\/p>\n\n\n\n

From the report<\/a>, which was authored by Nathaniel Popper and Mike Isaac:<\/p>\n\n\n\n

\u201cThe Facebook project is far enough along that the social networking giant has held conversations with cryptocurrency exchanges about selling the Facebook coin to consumers, said four people briefed on the negotiations.\u201d<\/p>\n\n\n\n

Confirming previous\u00a0reports<\/a>, Popper and Isaac cite five anonymous sources who say that the cryptocurrency will be\u00a0integrated<\/a>\u00a0directly into WhatsApp, which had more than\u00a01.5 billion<\/a>monthly active users as of December 2017.<\/p>\n\n\n\n

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WhatsApp\u2019s 1.5 billion active users could soon have access to Facebook\u2019s cryptocurrency. | Source: Statista<\/p>\n\n\n\n

Given that Facebook already announced<\/a> plans to unite the back-end system that runs WhatsApp, Instagram, and Messenger, the cryptocurrency could soon be available to as many as 2.7 billion consumers \u2013 roughly 35 percent of the world\u2019s population.<\/p>\n\n\n\n

The cryptocurrency would be pegged to the value of the US dollar, providing users with an easy \u2013 and cheap \u2013 way to send money across international borders.<\/p>\n\n\n\n

FACEBOOK GOES TO GREAT LENGTHS TO KEEP CRYPTO EFFORTS SECRET<\/h2>\n\n\n\n