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Facebook to develop cryptocurrency for WhatsApp users

Facebook to develop Stablecoins for WhatsApp payments to transfer money to family and friends. Facebook is initially targeting the India's remittances market. According to a World Bank report, Stablecoins are cryptocurrencies pegged to the US Dollar and is designed to minimise the effects of price volatility. WhatsApp has been testing the UPI payments since February 2018.

Read Full at businesstoday
December 22 2018
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