WhatsApp to get its own Facebook-made cryptocurrency, report suggests

WhatsApp Stickers Update

Facebook is working on a cryptocurrency for its chat service WhatsApp, a New York Times report suggests.

Citing five individuals familiar with the matter, the report explains that Facebook’s “working on a coin” that will allow users to send and receive virtual cash to contacts, in a similar vein to Venmo and PayPal.

Cryptocurrency publication Coindesk confirmed the validity of the report, speaking to a source of its own.

Alongside Facebook’s WhatsApp, two other messaging services Signal and Telegram are also reportedly working on their own digital currencies.

Feature image: WhatsApp

Andy Walker
More

News

Sign up to our newsletter to get the latest in digital insights. sign up

Welcome to Memeburn

Sign up to our newsletter to get the latest in digital insights.