By CCN Markets: The whitepaper of Libra, a crypto asset created by a non-profit organization in Libra Association led by Facebook has been formally released, disclosing key details of the digital asset and the blockchain protocol that supports it. As speculated, Libra will operate as a stablecoin backed by the Libra Reserve and will represent the value of existing assets such as reserve currencies. Facebook officially announced that Calibra, the first product built on top of Libra, will come to Messenger and WhatsApp as early as 2020, enabling users to send, receive, and store the crypto asset. Following the footsteps
Facebook’s popular messaging app with 1.5 billion users in over 180 countries has another major vulnerability. Hackers were able to covertly install spyware on iOS and Android smartphones using Whatsapp with just a phone call. “All of their security issues are conveniently suitable for surveillance, and look and work a lot like backdoors,” said Telegram’s founder, who doubts Whatsapp will ever be secure.
According to sources, Facebook is developing a cryptocurrency that would enable money transfers to be done through its messaging app WhatsApp. As stated in the publication by Bloomberg, the company is working on a stablecoin pegged to the US Dollar to minimize volatility. Unfortunately for Facebook, the wave of exposed privacy breaches and violations that
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Facebook (FB) is reportedly developing a cryptocurrency designed specifically for money transfers on its WhatsApp encrypted mobile-messaging app. According to a breaking report by Bloomberg, the new cryptocurrency will be a stablecoin pegged to the U.S. dollar, in order to reduce volatility. The first focus will be the remittance market in India, according to people familiar with […]
Governments in Africa simply cannot stop an idea whose time has come. In Zimbabwe, financial regulators banned cryptocurrency trading, and shut down two exchanges, thinking to have killed the ecosystem, only for Bitcoin to find a new life on Whatsapp. Kenyan authorities have sounded tough on virtual currency, warning banks and individuals against trading such, but the local cryptosphere continues to flourish, both on social media and on centralized exchanges.
Viber wants to launch its own cryptocurrency in Russia for its new services platform in an effort to beat its biggest rival, WhatsApp.
Viber Considers Russia for Its Cryptocurrency Launch
The popular messaging app Viber is the daughter company of Rakuten, also known as the ‘Amazon’ of Japan. In fact, the electronic commerce and Internet giant is no stranger to cryptocurrencies — as it was one of the first companies in the world to accept Bitcoin in 2015.
Most people who have been active in the Bitcoin world for a while now will remember a company called BitPesa. Similar to how M-Pesa offers remittance services to Kenyans, BitPesa would do the same but based entirely on Bitcoin. Unfortunately, BitPesa never made as big of a splash as the company would have wanted, but Bitcoin’s story in the Kenyan remittance business is far from over.
One of the things the Bitcoin ecosystem still struggles with is making it easy to understand and acquire Bitcoins. For those among us who have more “experience in the field”, that is hardly ever a concern. But if we want to grow the number of people making up the Bitcoin network, something has to change. Maybe a Whatsapp Personal Assistant can do the trick?
Mexican Bitcoin Exchange Volabit
When talking about Bitcoin exchanges, most of the names you will come across are located in the US, Europe or Asia. But South America, and more specifically Mexico, has a Bitcoin exchange of its own, called Volabit. Based in Puerto Vallarta, Bitcoin-startup Volabit is slowly making a name for itself in the world of digital currency.
Gems is a name that is on the mind of many crypto enthusiasts around the world. As Gems is a new social messaging app, which will reward its users in cryptocurrency, it could very well become a major competitor for more established applications such as WhatsApp. Oh, and all of their communication will be encrypted by using Bitcoin-based tokens!
Even though we label Gems as a social messaging app, it offers far more functionality than just letting users send messages to one another. Gems uses a secure network for encrypted chat, while using cryptocurrency for in-app purchases. Furthermore, the application allows users to send coins to each other as well.
Over the past few days, I’ve seen a new service called “Gems” appear on my Twitter timeline. As this got me interested in finding out more, we had Serge reach out to the team and conduct a small interview. What is Gems and why should you be interested? You can find out the details below.
Serge: Tell me about Gems. Is Gems another Altcoin?
Daniel Peled: Gems is very different from the altcoins we see today. To start, Gems is a Social Messenger integrated with next generation bitcoin technology. Gems offers a WhatsApp style mobile experience with fully encrypted and private messaging, and a built in wallet.