Facebook would launch its own cryptocurrency this year

History has shown that an empire can spread over a large area and prosper for a very long time, but it always ends up falling apart. Facebook has created a real empire and its plan to avoid collapse is to evolve in the most appropriate way. Now that its services are used by billions of users, it is taking the next step: monetization with a system other than advertising. This has been announced for some time, but things are getting more concrete.

From “the end of the first half of the year”, Facebook could market its cryptocurrency. In other words, with real money you get virtual money which you can then invest in the WhatsApp universe. Why would you do that? What could users buy on WhatsApp? It’s a mystery, but the idea is not only to buy but also to transfer funds to your friends or family. Facebook is unlikely to limit this to its one messaging service. It could be interesting for Facebook to use it on its social network with its Marketplace service to simplify exchanges.

The exact strategy is still unknown, the main objective probably being to simplify trade from one country to another and to stand out from US monetary policy, as Capital points out. In any case, this is a fairly logical continuation: the company seeks to diversify and optimize its profits. Public opinion and the media are not always receptive, but the numbers are high.

Additionally, other big names in instant messaging are working on a cryptocurrency system. Line, Signal, Telegram…. Bitcoin has shown that there is a market for cryptocurrency, but there is still a long way to go to make it work properly.