Facebook Picks London as WhatsApp Mobile Payments Hub

The video discusses WhatsApp's expansion in London, focusing on payments and security features. It highlights the testing of a payments initiative in India and Facebook's plans to launch its own cryptocurrency for cross-border transactions. The video also covers the team led by David Marcus, a former PayPal executive, working on this initiative. Finally, it explores Facebook's strategy to diversify its business beyond advertising, aiming to tap into the global payments market.

Who is leading the team exploring cross-border payments with blockchain?

What are the potential benefits of Facebook diversifying into payments as discussed in the text?