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“Facebook is looking at pegging the value of its coin to a basket of different foreign currencies…held in Facebook bank accounts.”— “Facebook and Telegram Are Hoping to Succeed Where Bitcoin Failed”, By Nathaniel Popper and Mike Isaac, The New York Times, Febraury 28, 2019
“Facebook is looking at pegging the value of its coin to a basket of different foreign currencies…held in Facebook bank accounts.”
— “Facebook and Telegram Are Hoping to Succeed Where Bitcoin Failed”, By Nathaniel Popper and Mike Isaac, The New York Times, Febraury 28, 2019
According to The New York Times (NYT), Facebook is creating its own cryptocurrency. It would be used on WhatsApp, which Facebook owns, to facilitate transactions between users. Read More at https://lancengym.medium.com/facebook-plans-to-become-worlds-biggest-central-bank-7d99d967b73c
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