Users of VhatsApp they can transfer money through the application, thanks to the fact that Facebook network will work on crypto-development. The first market in which this new application option will be launched will be India.
In this way, those who use VhatsApp can transfer money through this platform, the report says. Bloomberg. The idea is to launch a stable currency or a stable currency; namely coins whose value is related to a property, which in this case will be dollars. In this way, the goal is to minimize the volatility of the crypto currency.
In this respect, Tether is an example of the stabilcoin that was at the center of attention because refused to be revised to confirm whether the crypto currency was supported by the dollar, as they say. In the meantime, the company will design a blockchain to support this currency and the strategy for implementing this initiative.
According to the new project, when technical and administrative aspects are resolved, it is planned apply this initiative in India, where it has more than 200 million users. Also, the market will be indicated not only by the number of users, but also by the number of transactions that can be made through the application.
In the meantime, India is one of the countries where this type of transaction is most implemented. In 2017, according to World Bank data, $ 69 billion was sent to India. In this context, the introduction of a virtual currency that works through VhatsApp will be a job that can work perfectly.