Economics & FinanceTechnology, Transportation and Production

Facebook Creates Crypto-Currency for Whats App Transfers

Information on the launch of the Zukerberg cryptocurrency was published by the New York Times. Simultaneously, five anonymous sources confirmed that they participate in the development and attend regular expert meetings on the project. In total, about 50 engineers and programmers are working on the crypt.

It is reported that “WhatsApp-coins” will be tied to the national currency baskets, thus, developers plan to struggle with volatility.

The developers want to simultaneously ensure stability and not be tied too tightly to the financial system of a particular country. At the same time, the technical side of the question is not completely clear. The participation of a regulatory entity, such as Facebook, initially contradicts the meaning of cryptocurrencies, which run freely, and all responsibility for transfers lies solely with the users.

Probably, the company will have to simplify and modify the concept in order to use the product really everyone could. In this case, it will be the largest cryptocurrency project in the world.

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