Cryptos took the world by storm in 2017, and despite the fact that what followed was the longest and harshest crypto winter in their history — they continued to attract investors and tech-savvy users. Their popularity kept growing despite declining prices. So much so, that some of the largest social media and messaging platforms have decided to ‘go crypto,’ and try to create their own coins which would then be introduced to their users.
Companies like Facebook and Telegram are supposedly already developing their cryptos while finding ways to integrate blockchain technology as well. According to them, crypto and blockchain industries have failed to go mainstream, and now it is their turn to try succeeding at bringing these new technologies to mass adoption.
The online communication giants are planning on bringing cryptos to their platforms, which would allow their mainstream users to send payments to one another easily, similarly to what PayPal and Venmo are offering. The payments would be instant, whether local or…