Recently the news came that Facebook developing its own cryptocurrency called stablecoins (According to Bloomberg). These stablecoins will allow Facebook to develop a fund transfer feature on Whatsapp. Not many people knew the companyâ€™s plan before the announcement. This announcement has made it clear that Facebookâ€™s blockchain department is working on cryptocurrency development that would allow WhatsApp users to transfer money using their own social messaging account. It is said that this currency will minimize the volatility.