Zuckerbucks

Facebook, Signal and Telegram all reportedly working on crypto. New York Times:

The most anticipated but secretive project is underway at Facebook. The company is working on a coin that users of WhatsApp, which Facebook owns, could send to friends and family instantly, said five people briefed on the effort who spoke on the condition of anonymity because of confidentiality agreements.

The Facebook project is far enough along that the social networking giant has held conversations with cryptocurrency exchanges about selling the Facebook coin to consumers, said four people briefed on the negotiations.

There will be a lot of skepticism about this out there today, but a secured currency backed by a major org like Facebook might give the concept the stability it needs to reach real people. Interested to see how this pans out.