{"id":390450,"date":"2018-12-25T06:46:30","date_gmt":"2018-12-25T05:46:30","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-is-facebook-developing-its-own-digital-currency\/"},"modified":"2018-12-25T06:46:30","modified_gmt":"2018-12-25T05:46:30","slug":"prison-planet-com-is-facebook-developing-its-own-digital-currency","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-is-facebook-developing-its-own-digital-currency\/","title":{"rendered":"Prison Planet.com \u00bb Is Facebook developing its own digital currency?"},"content":{"rendered":"<div>\n<p>      <!-- START CONTENT --><\/p>\n<p><a href=\"https:\/\/www.dailymail.co.uk\/sciencetech\/article-6521037\/Report-claims-Facebook-creating-stablecoin-backed-dollar.html\"><strong>Daily Mail<\/strong><\/a><br \/>December 24, 2018<\/p>\n<p class=\"mol-para-with-font\"><strong>Facebook could be developing its own cryptocurrency that users can send via WhatsApp.\u00a0<\/strong><\/p>\n<p class=\"mol-para-with-font\">The tech giant is in the process of creating a \u2018stablecoin\u2019 that will allow users to transfer money on the Facebook-owned mobile messaging service, according to <a class=\"class\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-12-21\/facebook-is-said-to-develop-stablecoin-for-whatsapp-transfers\" target=\"_blank\" rel=\"nofollow noopener\">Bloomberg<\/a>.<\/p>\n<p class=\"mol-para-with-font\">A stablecoin is a type of digital currency pegged to the U.S. dollar and is often favored for the fact that it\u2019s less volatile than other currencies, such as bitcoin.<\/p>\n<p class=\"mol-para-with-font\">Facebook is expected to launch the digital currency in India, Bloomberg said, as the country has a massive remittance market, where users residing in international countries send money back to family members in their home country.<\/p>\n<p class=\"mol-para-with-font\">However, it will likely be a while before the currency becomes a reality, as the firm is still developing a strategy for its launch.<\/p>\n<p><a href=\"https:\/\/www.dailymail.co.uk\/sciencetech\/article-6521037\/Report-claims-Facebook-creating-stablecoin-backed-dollar.html\">Read more<\/a><\/p>\n<p>      <!-- END CONTENT --><\/p>\n<p style=\"color:#333; font-size:11px;\">This article was posted: Monday, December 24, 2018  at  8:15 am<\/p>\n<hr class=\"dotted_line\"\/>\n<hr class=\"dotted_line\"\/><!-- share and follow --><br \/>\n      <!-- end of share and follow --><\/p>\n<div class=\"print_sub\">\n<h3 class=\"sub_titles\">&#13;<br \/>\n        \t<a href=\"https:\/\/www.prisonplanet.com\/is-facebook-developing-its-own-digital-currency.html\/print\/\" title=\"Print\" rel=\"nofollow\"><img decoding=\"async\" class=\"WP-PrintIcon\" src=\"https:\/\/www.prisonplanet.com\/wp-content\/plugins\/wp-print\/images\/printer_famfamfam.gif\" alt=\"Print\" title=\"Print\" style=\"border: 0px;\"\/><\/a><br \/>\nPrint this page.<\/h3>\n<\/p><\/div>\n<hr class=\"dotted_line\"\/>\n<hr class=\"dotted_line\"\/>\n<p><!--\n      \n\n<div class=\"nextpage\">\n              <\/div>\n\n \n -->    <\/p>\n<p><!--\n<iframe loading=\"lazy\" width=\"600\" height=\"338\" src=\"http:\/\/www.youtube.com\/embed\/Gm2pZEeYN0E?list=UUvsye7V9psc-APX6wV1twLg\" frameborder=\"0\" allowfullscreen><\/iframe>\n--><\/p><\/div>\n<p><a href=\"https:\/\/www.prisonplanet.com\/is-facebook-developing-its-own-digital-currency.html\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daily MailDecember 24, 2018 Facebook could be developing its own cryptocurrency that users can send via WhatsApp.\u00a0 The tech giant is in the process of creating a \u2018stablecoin\u2019 that will allow users to transfer money on the Facebook-owned mobile messaging service, according to Bloomberg. A stablecoin is a type of digital currency pegged to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-390450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/390450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=390450"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/390450\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=390450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=390450"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=390450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}