It is developed specifically for WhatsApp. The Bloomberg publication claims that the cryptocurrency is focused on the Indian money transfer market.
The currency used in WhatsApp will be pegged to the US dollar. So Facebook plans to minimize its volatility.
While the cryptocurrency project is far from implementation. Facebook is simply not ready to launch. Now the company is developing a strategy for the integration of a new digital currency, calculates the risks and bears the concept itself.
In essence, the social network wants to borrow the Apple Pay Cash feature that iMessage has. True, Apple did not need to enter its own cryptocurrency.