Internet Outfits Including Facebook, Telegram and Signal Are Rolling Out New Cryptocurrencies

Home / News

Internet Outfits Including Facebook, Telegram and Signal Are Rolling Out New Cryptocurrencies

By CircleID Reporter
February 28, 2019, 7:27 pm PST Views: 9,532 Add Comment

Some of the leading internet messaging companies including Facebook, Telegram and Signal are moving ahead with plans to provide mainstream consumers digital coins. Nathaniel Popper and Mike Isaac reporting today in the New York Times: “The internet outfits ... are planning to roll out new cryptocurrencies over the next year that are meant to allow users to send money to contacts on their messaging systems, like a Venmo or PayPal that can move across international borders. The most anticipated but secretive project is underway at Facebook. The company is working on a coin that users of WhatsApp, which Facebook owns, could send to friends and family instantly, said five people briefed on the effort who spoke on the condition of anonymity because of confidentiality agreements.”

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

Visit Page

Filed Under

Blockchain

Comments

The Weekly Wrap

More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.

I make a point of reading CircleID. There is no getting around the utility of knowing what thoughtful people are thinking and saying about our industry.

VINTON CERF
Co-designer of the TCP/IP Protocols & the Architecture of the Internet