Viber messenger will launch their own cryptocurrency next year

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Viber is a mobile service, allowing you to make calls as well as send texts, photo, and video messages to other Viber users free of charge. The application is operated by a multinational company called Rakuten and it has plans to implement their parent company’s cryptocurrency Rakuten coin. The Japanese conglomerate is looking into studying the recent legal developments regards cryptocurrencies in Russia. Viber expects to launch this in 2019. 

Viber CEO Djamel Agaoua commented on the news:

“The messenger app will act as a key player in Rakuten’s goal of establishing its own cryptocurrency” further explaining that “Our mother company is creating Rakuten Coin: cryptocurrency, which is supported by the entire Rakuten ecosystem. This Rakuten Coin will be tradeable in Viber. The cryptocurrency will appear in the Viber wallet and it can be exchanged for rubles, dollars, and euros. Company’s specialists are currently studying Russian laws in the cryptocurrency sphere. Very soon you’ll be able to send some Rakuten Coins and to trade Rakuten Coins against rubles, dollars, and euros.”

Viber has a monthly active audience of about 45 million users in Russia. Despite their popularity in Russia, Viber is far from noteworthy in the west. It has 15 percent penetration in the United States and 22 percent in Western Europe. In Central and Eastern Europe, however, the figure grows to 73 percent penetration, and 76 percent in Russia.

Good luck to Viber as they are implementing cryptocurrencies on an already active and working service.