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.

What is the primary focus of WhatsApp's office expansion in London?

• Launching a new social media platform

• Developing new messaging features

• Expanding customer support

• Working on payments and security

In which country is WhatsApp's payment initiative currently being tested?

• Germany

• India

• Brazil

• United States

Who is leading Facebook's exploration of cryptocurrency for cross-border payments?

• Mark Zuckerberg

• David Marcus

• Elon Musk

• Peter Thiel

What is a potential benefit of Facebook's cryptocurrency initiative?

• Improving data privacy

• Increasing social media engagement

• Eliminating FX conversion lag

• Reducing advertising costs

What is Facebook's primary source of revenue?

• Cryptocurrency transactions

• Targeted advertising

• Subscription fees

• E-commerce sales