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/biz/ - Business & Finance

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12187186 No.12187186 [Reply] [Original]

https://www.bloomberg.com/news/articles/2018-12-21/facebook-is-said-to-develop-stablecoin-for-whatsapp-transfers

>Remittances in India

Our boy Evan Cheng (Chainlink advisor) has to have thrown around Chainlink for this. It's delusional to think LINK will be the backing currency they are talking about, but I can see rates being called into these smart contracts via LINK on the back end.

Interesting times ahead marines.

>> No.12187194

>>12187186
>implying collateral will be required for such a shit use

>> No.12187205

>>12187194
Of course it will retard. The article literally says they are figuring out what collateral can be used. How do you think spices will be traded in Mumbai?
>Inb4 imagine the smell

>> No.12187296

>>12187205
That's collateral for creating a stablecoin dynamic ala DAI, not collateral for oracles you absolute third worlder.

>> No.12187329

>>12187186
Facebook is very likely to use chainlink where it makes sense.
Evan Cheng is an advisor, two angel investors for smart contract are heavily involved with facebook (Matt Ocko, Alex Stamos part of DCVC).

In my opinion the advertising platform (watches, interactions + payouts) makes sense to put into a blockchain.

>> No.12187400

>>12187186

Nobody is using Stink. They don't even have shitted their main net out.