Members of Facebook's blockchain team have revealed that India may be the first country to become a stable currency

According to bloombergThe messageFacebook's blockchain team is currently hiring staff, most of them from the Paypal team.

Facebook's blockchain project is currently under wraps, but it has been revealed that its cryptocurrency could debut in India in the third quarter of 2019.

It is reported that Facebook's blockchain team has 50 employees since it was established in 2018. One fifth of the team members are from the famous payment software Paypal team, including former Paypal President David Marcus, who joined Facebook in 2014 and was previously responsible for Messenger products. In addition, the blockchain team also includes the former Paypal marketing director, risk control director and legal counsel. Facebook has declined to comment on the structure of the blockchain team because of confidentiality.

Facebook's stabilitycoin product is said to allow users to send money via WhatsApp. Separately, according to the financial times, Facebook has chosen the UK as its main headquarters for its WhatsApp payments system and plans to hire about 100 staff in London, mostly software engineers, and set up a small office in Dublin. That would expand WhatsApp's workforce by about a quarter. WhatsApp is more popular in Britain. WhatsApp currently has 1.5 billion users worldwide.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia