Will WeChat Step in the World of Blockchain?

Recent Facebook project to release its unique stablecoin has caused other companies to have similar ideas for themselves. If it is supposed that Facebook starts introducing a cryptocurrency with the possibility of buying and selling with it, why does the biggest digital payment operator in China not seek the ideas of activity in the world of Blockchain?

Will WeChat Step in the World of Blockchain?
Will WeChat Step in the World of Blockchain?

Recent Facebook project to release its unique stablecoin has caused other companies to have similar ideas for themselves. If it is supposed that Facebook starts introducing a cryptocurrency with the possibility of buying and selling with it, why does the biggest digital payment operator in China not seek the ideas of activity in the world of Blockchain? Now that Facebook starts offering some new and important solutions in the field of international payments in its infrastructure and with the help of messengers it owns, the Chinese banks and companies have got more sensitive in this regard. “WeChat” platform can enter the world of Blockchain too and avoid early overcoming the market by the American rival; i.e., Facebook.

What Will the Reason for WeChat to Enter the World of Blockchain Be?


Well-known Chinese messenger, WeChat, can act like Facebook too. If the rivals are indifferent toward Mark Zuckerberg’s projects, it will be a good opportunity for this powerful rival and will be effective in different fields such as the world’s monetary policies, monetary systems, and financial stability. It is obvious that a company like WeChat would not like to leave the scene and will probably consider some plans to enter the world of Blockchain. As it is said, Facebook intends to proceed payment operation for all, around the world simply through entering the world of cryptocurrencies in a way that the people from everywhere in the world are able to do their financial transactions through messengers of this company; that is, financial transactions and money transfer from one to another will get as simple as message transfer and exchange. Such an idea is very brilliant and will, in some way, become practical and be implemented sooner or later.

Will Facebook Move the World of Blockchain?


In order to grow and find more fame and of course more legitimacy, cryptocurrencies and Blockchain need well-known companies and investors which are able to attract the general public through news and commotions in the market. Forming competition among people and companies is among the most important things which can create enthusiasm and dynamicity in a new-found market. It seems that Facebook’s stepping forward the world of Blockchain will greatly help the growth and boom of this market. In fact, Facebook has started a win-win game. In this game, this company itself can start this way as a pioneer and help the growth and development of Blockchain and cryptocurrencies among the public in different parts of the world besides making benefit of the market on its favor. On the other hand, there will be some rivals like WeChat included too and enter the world of cryptocurrencies and related technologies at least to sustain their interests even if they didn’t have any plan and tendency to enter Blockchain and it is these measures and activities which can cause changes and evolutions. WeChat getting sensitive toward entering new areas occurred when there had been some oppositions to cryptocurrencies before and it is a big achievement for cryptocurrencies.
 

Cintjournal.comCoins International Journal