The first legitimate national cryptocurrency will be launched, linked to a fiat currency from a G-20 nation. This digital asset will be in high demand for combining the benefits of a digital asset with the stability of a government-backed currency. Mark Zuckerberg’s 2018 New Year’s resolution to “study cryptocurrencies” will result in one being integrated into Facebook for payments.
**The only question is whether they will use an existing cryptocurrency or a new one created by Facebook.” - Mitch Liu, [Theta Labs]
Facebook Inc. is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter.