Wednesday, July 15, 2020

Facebook plans its own encrypted currency for payment service via messenger

Featured

Biden says his economic plan will create 5 million US jobs

US Democratic presidential candidate Joe Biden on Thursday pledged to spend $700 billion on US-made products and industrial research,...

Brazil President Bolsonaro tested positive for coronavirus

Brazilian newspaper "Atardi" confirmed that Brazilian President Jair Bolsonaro underwent a fourth test for Coronavirus after he showed some...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

“After evaluating how we provide the best services to people through messenger, we have decided to focus our efforts on experiences that people find most useful,” Facebook official said. It will inform active users before the changes.

According to the site Engadget, the move means that Facebook may turn to its own encrypted currency, a kind of stable money transfer currency, which is said to be specifically linked to the US dollar, and is supposed to be more resistant to the extreme volatility that has rocked the Pitcairn and other coded currencies, as there is no indication yet that Facebook will stop remittances on messenger in other countries.

Facebook payment service via Messenger, launched in 2015, was facilitated by credit card or debit card payment and through PayPal.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

Biden says his economic plan will create 5 million US jobs

US Democratic presidential candidate Joe Biden on Thursday pledged to spend $700 billion on US-made products and industrial research,...

Flocking together gurus of a feather

Dr. Pervez Hoodbhoy and LUMS Management are the focal points of discussion by the concerned academic circles home and abroad. The point is not...

Brazil President Bolsonaro tested positive for coronavirus

Brazilian newspaper "Atardi" confirmed that Brazilian President Jair Bolsonaro underwent a fourth test for Coronavirus after he showed some symptoms, which was a positive...

PIA flight from Toronto to Islamabad will operate on 5 July 2020

PIA flight from Toronto to Islamabad will operate on 5 July 2020. Another PIA flight will operate from Toronto to Lahore on 10 July...

Sacrificing role models of media

Remember Anil Datta, a gem of a reporter and guru of a sub-editor with the exemplary national spirit, foregoing job offers from the foreign...

Related News