The popular messaging service WhatsApp is apparently in talks with a lot of digital payments firms and a state-owned bank in order to launch digital payment services in Indonesia. As the latest cryptocurrency news show, Reuters first reported that the Facebook owned WhatsApp is negotiating with several services to bring this initiative to life.
According to the report by Reuters, the company is negotiating with the transportation booking service Go-Jek, the mobile payments provider DANA, the fintech startup OVO as well as the state-owned Bank Mindri. The coming altcoin news also show that Bank Mindri operates a digital wallet service, too.
The Facebook owned WhatsApp has a lot of plans for Indonesia. For starters, the messaging giant wants to support payments through digital wallets in the region, as Reuters proves. The report also speculates that Facebook’s dealings in Indonesia could become a solid template that would be later used to dodge local regulations, which mostly include bans on foreign digital wallets.
A Facebook spokesperson confirmed that WhatsApp was negotiating with the financial partners in Indonesia, however, they declined to provide any specifics. As the Facebook owned WhatsApp is portrayed in the report:
“WhatsApp is in conversations with financial partners in Indonesia about payments, however the discussions are in early stages and we do not have anything further to share at this stage.”
The sources, however, say that Facebook has a deal with three payment firms which is going to be finalized imminently. The launch of these services, as many best cryptocurrency news sites reported, is not expected until 2020. This is why WhatsApp is looking to launch in India at the same time or sooner. According to the report, Facebook is still waiting on regulatory approval from India before the Facebook owned WhatsApp payments can be finalized and announced via the messaging app.
On the other hand, we have Libra in WeChat – which is also part of Facebook’s plan. As reports show, the giant wants to integrate its crypto wallet service, Calibra, into WhatsApp and all of its platforms.
“The libra blockchain will be global, but it will be up to custodial wallet providers to determine where they will and will not operate. Calibra won’t be available in U.S.-sanctioned countries or countries that ban cryptocurrencies,” a Calibra spokesperson confirmed in April.
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