{"id":297890,"date":"2019-03-01T08:36:15","date_gmt":"2019-03-01T06:36:15","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=297890"},"modified":"2019-03-01T08:37:52","modified_gmt":"2019-03-01T06:37:52","slug":"facebook-developing-a-cryptocurrency-for-whatsapp-payments","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/297890-facebook-developing-a-cryptocurrency-for-whatsapp-payments.html","title":{"rendered":"Facebook developing a cryptocurrency for WhatsApp payments"},"content":{"rendered":"<p><a href=\"https:\/\/www.nytimes.com\/2019\/02\/28\/technology\/cryptocurrency-facebook-telegram.html\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>The New York Times<\/strong><\/a> reports that Facebook is releasing a cryptocurrency for WhatsApp users.<\/p>\n<p>The digital coin will reportedly allow WhatsApp users to send money to their friends and family across local and international borders.<\/p>\n<p>There are over 50 engineers working on the project, and it is being run by the former president of PayPal, David Marcus, stated the report.<\/p>\n<p>According to the report, Facebook has already held conversations with various cryptocurrency exchanges regarding the selling of its upcoming coin on their platforms.<\/p>\n<p>WhatsApp&#8217;s digital currency will exist on a decentralised network of computers, ensuring there is a degree of separation between the coins and Facebook.<\/p>\n<p>Mining will reportedly not feature in the structure of Facebook&#8217;s cryptocurrency platform, and it will not provide good value to speculators &#8211; rather acting as a genuine transactional currency.<\/p>\n<p>Facebook is reportedly aiming to release the product within the first half of 2019.<\/p>\n<h3 class=\"my-4\">Now read: <a href=\"https:\/\/mybroadband.co.za\/news\/wireless\/297760-facebook-express-wi-fi-to-launch-in-south-africa.html\" rel=\"bookmark\">Facebook Express Wi-Fi to launch in South Africa<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>The New York Times reports that Facebook is releasing a cryptocurrency for WhatsApp users.<\/p>\n","protected":false},"author":341039,"featured_media":168223,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[44696],"tags":[49249,161,2594],"class_list":["post-297890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-cryptocurrency-payments","tag-facebook","tag-whatsapp"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/297890"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341039"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=297890"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/297890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/168223"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=297890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=297890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=297890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}