Facebook Plans to Launch WhatsApp Cryptocurrency in Next Few Months

New reports surfaced in the New York Times about Facebook’s secret plans in the cryptocurrency space; the company is building a digital currency for the messaging service WhatsApp to allow users to send and receive money without fees; the cryptocurrency will be a stablecoin that will be pegged to a basket of different foreign currencies; the team building the project is led by David Marcus who was their head of messenger and previously worked for PayPal; reports also indicate the digital currency could launch as early as the first half of 2019. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Notify of
Inline Feedbacks
View all comments