Zorax Talks: WhatsApp token
CryptoIndex is a tool for exposure to the cryptomarket and serves as a smart benchmark for all cryptocurrencies. The AI-based Cryptoindex algorithm is continuously analyzing more than 2000 coins applying over 200 factors, processing more than 1 million signals per second to provide a highly sophisticated index of the top 100 coins.
Hello, dear community!
What will happen if Facebook creates a cryptocurrency for WhatsApp? As far as you know, last month we got news that Facebook is working for a blockchain project and it’s connected with WhatsApp. Probably it will be WhatsApp token.
But Facebook’s stance on cryptocurrency has significantly changed over the last year. In January 2018, the social media network introduced a crypto ad ban, which was designed to prevent “ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices.”
From the other hand, social media giant as Facebook is developing a cryptocurrency that will be pegged against the United States dollar and is intended to be exchanged on Facebook-owned WhatsApp, according to multiple independent news reports.
This part reported first by Bloomberg:
“The company is developing a stablecoin — a type of digital currency pegged to the U.S. dollar — to minimize volatility, said the people, who asked not to be identified discussing internal plans. Facebook is far from releasing the coin because it’s still working on the strategy, including a plan for custody assets, or regular currencies that would be held to protect the value of the stablecoin, the people said.”
If such a giant as Facebook or What’s up will join in crypto everything might change. They have a huge user database — over 1 billion(!). Each day they send a lot of money through PayPal, Bank transfers. But the transaction speed is too low and costs a lot. The first messenger which develops bank transfer through its app will get strong community support.
Our Zorax algorithm can analyze more than 200 factors and there is a high chance to add this coin only if not be a stablecoin. As you can see that in Zorax portfolio we do not use stablecoins such as Tether, USD Coin, TrueUSD and etc.
We hope that Facebook/WhatsApp coin will attract more users to the crypto world and we can use it everywhere.
What do you think about it?
The AI-based CryptoIndex algorithm is constantly learning by consuming huge amounts of data rapidly making decisions and choices that humans would struggle to match.
You can always check the current CIX100 composition on our websitehttps://platform.cryptoindex.ai/
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