Facebook is reportedly planning to launch a cryptocurrency for WhatsApp in the first half of 2019.
is now the blockchain VP of product. All told, there's reportedly now more than 50 people working on it.The New York Times' report on Thursday provides a tentative timeline for when it could finally launch: The paper's sources say Facebook is aiming to launch something in the first half of 2019. The company has also reportedly talked to cryptocurrency exchanges, platforms where users can buy and sell digital currencies, about supporting Facebook's product.
A Facebook spokesperson declined to comment on the new report, and cited a boilerplate statement:"Like many other companies Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don't have anything further to share."Contact this reporter via Signal or WhatsApp at +1 636-6268 using a non-work phone, email at rprice@businessinsider.
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