Since Facebook announced its stablecoin project on cryptocurrency, there have been many speculations about the finer details of adventure …
As this speculation takes hold, rumors have emerged that the new Facebook encryption project could be built on the blockchain platform, Ziqilla (ZIL).
Oliver Bell, self-proclaimed blockchain and passionate crypto, has tweeted his ideas on this speculation, tying together some critical points:
Rumor around regarding the construction of Facebook $ ZIL:
• Evan Cheng: Zilliqa consultant and head of blockchain at FB
• Mindshare partnership: FB is a Mindshare partner
• Ex-Facebook blockchain leader abandons Coinbase to avoid conflicts of interest: ZIL is listed on Coinbase
– Oliver Bell (@ Oly245) 22 December 2018
Bell emphasizes that Facebook and Ziliqa have a shared partnership with Mindshare, a multimedia marketing company. In addition, the famous blockchain engineer, Evan Cheng, works as a consultant for both companies. In addition, David Markus, who had previously sat on the board of Coinbase, apologized, citing a conflict of interest; since ZIL has recently been listed on Coinbase pro, this adds further reason to speculation.
Some seemed to jump on the bandwagon:
– Satoshi N (@phil_exe) 22 December 2018
Others were just hopeful:
If it turns out to be true, I can only burn spontaneously. But not before buying Oly a pint.
– Mark C (@MarkChamberlain) 22 December 2018
However, this remains pure speculation and, apart from some slightly uncertain coincidences, there is not much to sustain these rumors.
Facebook to develop their own cryptocurrency (a stablecoin) for their own WhatsApp messenger.
– Brian (Crypto) (@shoelessbrian) 21 December 2018
The new cryptocurrency firm of Facebook has been hypothesized for months before the rumors were finally confirmed. Bloomberg reported that Facebook was developing a stablecoin, designed to be used in the popular WhatsApp messaging app. Apparently the stablecoin will focus on remittances in India, allowing those in the country to send money across the world and vice versa.
To find out more: Why Facebook is the most important cryptic company according to Anthony Pompliano; The rumors are true! Facebook launches its cryptocurrency
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