Can WhatsApp coin fix Facebook's payments trajectory?

[PRIBO247]

Facebook’s payments ambitions have made banks wary for
years, despite many false starts. But now it looks as if
Facebook is pivoting to develop a remittance business,
starting with a cryptocurrency project in India.

Through a blockchain development unit created this year — led
by former PayPal president David Marcus — Facebook has
been at work for months creating a way for users of its
WhatsApp messaging app in India to make small-value
transfers using a stablecoin, which is a type of cryptocurrency
pegged to the U.S. dollar, according to Bloomberg .
This isn't Facebook's first foray into virtual currency. The
social network launched its own coin, called Facebook Credits ,
in 2010 with the goal of creating a common currency for in-app
purchases on its platform. The idea was to eliminate the need

https://www.americanbanker.com/news/

[Hadley]

This is a good move between Facebook and WhatsApp but I'm still afraid about Facebook when they steal our information and use for their marketing purpose