This will be big. No coincidence that all the whales with upcoming Bakkt are lobbying for legislation, which always yield to enough monetary forces.
Facebook to launch stablecoin for WhatApp – http://fortune.com/2018/12/21/facebook-stock-tumbles-downgrade-report-crypt-based-stablecoin-whatsapp/
Summary:
Facebook Inc. is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter.
The company is developing a stablecoin – a type of digital currency pegged tothe U.S. dollar – to minimize volatility, said the people, who asked not to beidentified discussing internal plans.
Facebook is far from releasing the coin, because it’s still working on thestrategy, including a plan for custody assets, or regular currencies that wouldbe held to protect the value of the stablecoin, the people said.
Facebook has long been expected to make a move in financial services, afterhiring former PayPal president David Marcus to run its Messenger app in 2014.
All signs point to bull in the short term. Still waiting for $3600 retracement within a week or two, but it may not hit. All the dips are being bought for almost all coins.
And for alts too.
Speaking of alts, are they finally starting to decouple from BTC?
Real estate considerations: