New What’s a threat to Facebook digital currency with an app strategy

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In addition to the messenger app and the Facebook digital currency initiative, the latest What’s App strategy being introduced in Asia, the Pacific, and other regions leaving out the European countries can create problems. The new regulations will also force users to exchange information with Facebook as a third-party provider. At the same time, Instagram direct messages (DMs), What’s App messages, and Facebook messenger are now merged into a cohesive network by Facebook.

What’s new in What’s App?

The different data variables include battery level, contacts, location, cell phone number, mobile phone hardware, companies you communicate with, and even your IP and ISP. What’s App even gathers payment transaction information. However, the current policy on privacy governs.

“We are part of the Facebook Companies. As part of the Facebook Companies, WhatsApp receives information from, and shares information with, the Facebook Companies as described in WhatsApp’s Privacy Policy, including to provide integrations which enable you to connect your WhatsApp experience with other Facebook Company Products; to ensure security, safety, and integrity across the Facebook Company Products; and to improve your ads and products experience across the Facebook Company Products.”

What’s App Terms and Services for 2021

This suggests the data is essentially shared with Facebook today and “improves” the ad experience. Ok, who would like their most intimate interactions linked with and subject to Facebook’s privacy policies and terminology, after all the debacles on Facebook? Huh? Right?

What’s the digital currency for the App and Facebook

In June 2019, Facebook unveiled Libra, “the digital currency project on Facebook,” and flags were almost immediately lifted. The average direction of the legal debate has contributed to Mark Zuckerburg’s latest Senate hearing. In contrast, the G-7 and the European Union (EU) have generally failed to offer legal authorization for the initiative.

Facebook digital currency initiative clearance appeared to elude hundreds of meetings and thousands of hours later in December 2020. However, the company was eventually forced to change the name from Libra to Diem. In an attempt at regulatory clearance, the tag line, a new name for a new day, sounds urgent at best.

In the original proposals, Facebook announced that it was extremely likely to exploit the What’s App consumer base for the then Libra stablecoin, which raised additional cryptocurrency privacy issues and flags. Today, with giants cheering for other services such as Telegram and Signal, the first iron effort to make consumers accept Facebook privacy controls is becoming catastrophic.

The change is likely to destroy the already thinning Facebook user base that wasn’t willing to test the Libra’s face-lifted Diem variant, let alone. Though thousands if not millions of users from Asia, the Pacific, and others, regardless of their use of the What’s App, have officially entered a second operation. However, the situation was not so good in the United States as it is.

The Facebook digital currency strategy seems to be taking one nose dive after another and, through all attempts, threatens to take further hits. Ok, Zuckerberg, wake up, please.

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