According to Bloomberg, it is rumored that Facebook is currently developing its own Stablecoin with the purpose of being implemented through Whatsapp. In its first stage, the Stablecoin will serve as a currency for remittance in India, to allow for money transfer through the messaging app. However, the project is still in its developing phase, which is why they’re continuing to analyze the financial market in order to develop a workable strategy to implement such project in the market.
Zuck bites the on the apple, like clockwork. This means Giggles has to do something, as well as Apple and Amazon.
What is the deal here? I can produce a bot that does a very nice stable coin, and anyone can use it. But I need cooperation from banks, or else the bot needs thumb printed permission to act as power of attorney.
But ultimately the Fed will rebel, in that case, I can put a bot on the currency markets to back up stable coin. Failing that, I can open an automatic S&L system for pre-qualified clients and whoop the tax dollar from the get go.
None of this is a problem, the problem is NSA shutting things down with federal court order..
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