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Facebook to Expose its Cryptocurrency This Month

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The stablecoin will purportedly be integrated as a payment tool on WhatsApp, Facebook Messenger, and Instagram and will be accessible through crypto ATM-machines.

Rumors that Facebook is developing its own cryptocurrency, appeared in May. Later it was reported that Facebook is developing a stablebcoin which can be used for money transfers in WhatsApp messaging app. Unlike most other stablecoins, Facebook’s coin would purportedly be backed by a basket of foreign currencies.



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