Facebook Coin could appear in the first half of 2019

It’s unclear what that would look like, but the native integration of cryptocurrency payments into this unified messaging offering would certainly be an interesting step.

In addition, the article also states that Facebook is currently working on a cryptocurrency that allows users to allegedly send WhatsApp payments to friends and family. Furthermore, it is said that Facebook has already held talks with crypto currency exchanges for possible listings of the “Facebook Coins”. Four people who were “informed about the negotiations” allegedly told the New York Times that the talks are in progress and Facebook plans to release its coin in the first half of 2019.

The Facebook project is far enough that the social networking giant has held talks with crypto-currency exchanges about the sale of the Facebook coin to consumers, said four people who were informed about the negotiations. Facebook intends to tie the value of its coin to a number of different foreign currencies, not just the US dollar. Facebook could guarantee the value of the coin by supporting every coin with a certain number of dollars, euros and other national currencies held on Facebook bank accounts.

According to the report, Facebook could be motivated to list its coins on exchanges in order to overcome possible regulatory hurdles.

Working with crypto-currency exchanges would deprive Facebook of at least some of the regulatory burden, as the exchanges would be responsible for keeping the digital coins and checking customers.

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