A while back I reported what Facebook was planning in the cryptosphere: Essentially, global remittances through the Whatsapp service they bought for 19 Billion USD in 2014.

I've explained the stable-coin craze a few times now. These corporations are setting themselves up to be their own central banks. It almost feels like they are depending on USD to become unstable so that they can remove the peg to the dollar and have their own currency that they are fully in control of.

• Amazon's cryptocurrency will begin with Twitch Bits (which are already pegged to the dollar).
• Facebook's crypto obviously begins on Whatsapp.
• Goldman-Sachs crypto is USDC (Cloud)
• Etc.

Every corporation will have their own crypto, or they will eventually get sucked into the meat grinder.

A few days ago I stumbled upon this little gem:

https://www.newsbtc.com/2019/03/25/crypto-whatsapp/

In an effort to promote the widespread adoption of crypto, a team of developers have created a wallet that will allow its users to access digital currency services from within their favourite messaging applications such as WhatsApp. Using the Wuabit service users will soon be able to send, receive, trade, and perform other tasks relating to crypto assets from applications they are already highly familiar with.

Wuabit’s WhatsApp-facing service is currently close to completion, after which the team will look at providing similar functionality for Telegram, Facebook messenger, and Viber.

HA!

Showing once again that these corporate scumbags can't corner the market and buy out regulation. The cryptosphere evolves much faster than corporate/government entities because it is outward facing and part of an emergent open-source economy.

Why use Facebook's shitty coin pegged to the dollar when one can use any other asset that isn't controlled by a corrupted central authority? The shifting sands of The Blockchain are slowly bringing the establishment to its knees for the killing blow.

It's inevitable, because these broken top-heavy power structures can barely stand on their own two feet to begin with. They cannot hope to compete with decentralized ledger technology in the long run.

They've essentially already capitulated. Everyone is trying to incorporate blockchain into their product, but they fail time and time again because full control of the asset is paramount. They don't seem to realize that decentralization is the only reason why these assets have power in the first place. They continue to hire and train developers to learn a skill that will make them obsolete. The irony is palpable.

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