Hasham Khalid | Entrepreneur
Hasham Khalid
Phone: +61 426 422 269
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22.01.2022 Facebook is making its own digital currency and could become the largest bank in the world!!! According to The New York Times (NYT), Facebook is creating its own currency. It would be used on WhatsApp, to facilitate transactions between users. Facebook’s move is clearly to counter the threat from Telegram and Signal. NYT said that the Facebook secret effort to build its own currency started last year after Telegram raised an eye-popping $1.7 billion to fund its cryptocurrenc...y project. Between Messenger, WhatsApp and Instagram, which Facebook owns, there are a collective 2.7 billion users. If Facebook decides to back the value of its own digital currency with a basket of foreign currencies, then it could potentially become the largest transactional bank in the world . #foreigncurrency #transactionalbanking #digitization #currency #retailbanking See more
