Earlier, press reports revealed that Facebook was working on creating a digital currency that would allow users to transfer funds to the WhatsApp messaging application owned by Facebook
Recently, Facebook founder Mark Zuckerberg explained his vision of Facebook as a reliable and secure digital brand for private correspondence and payments between users. Billy Bambrough wrote a controversial article on Forbes:
A blow to Bitcoin , Mark Zuckerberg announced on Facebook's next payment system.
"Bitcoin , which has recently attracted the attention of some of the world's leading technology leaders, is likely to get a major rivalry with Facebook giant Mark Zuckerberg."
Last week, Nathaniel Popper and Mike Isaac of The New York Times revealed leaks from multiple sources that Facebook was working secretly to create a digital currency equivalent to digital payment of funds from one to another in the hope of proliferation, confidence, and strength achieved by Bitcoin network structure Distributed on the idea of peer to peer:
Facebook and Telegram hope to succeed where the Bitcoin failed
"The most anticipated project is secretly under way for Facebook. The company is creating a currency that allows users of the messaging application of WhatsApp - originally owned by Facebook - to send this currency to friends and family immediately, according to some insiders who have not disclosed their identity for confidential reasons.