We report for a few months that Facebook has plans to launch its own cryptocurrency, which would aim at first to allow the exchange of money via WhatsApp. The Wall Street Journal brings new information about the intentions of Mark Zuckerberg's firm. The plan is still relevant and Facebook has approached a dozen companies related to finance and e-commerce to develop its solution. Among which include Visa and Mastercard, provides daily.
Facebook with Visa and Mastercard to develop its cryptocurrency?
The project, codenamed Libra in-house, would launch a digital currency based on blockchain technology. But unlike bitcoin and many other cryptocurrencies, this one would be indexed to the US dollar, thus guaranteeing its value. Users will then have much more confidence in this currency that does not risk suddenly losing its value.
In addition to user-to-user transactions in his ecosystem, Facebook would also be looking to integrate his payment system with third-party websites and apps, much as he managed to win with his button everywhere. Facebook login. In summary, the goal is to make it a credible alternative to Paypal but by creating its own currency.
The American group would think of a model in which Facebook users could view advertisements to get fragments of this new currency. It is for the moment an idea, which has not been definitively validated. Facebook seems more than ever ready to enter a new era, and no longer relies on advertising revenue to make money. It had already been understood with the recent announcements regarding Instagram, which may soon become a shopping app.
