Hoping to invest in the next Bitcoin?Writers who wrote about eroticism Keep an eye on Facebook. No, but really. According to a Cheddar report, the company is hard at work on its own cryptocurrency.
SEE ALSO: Facebook: 'We’re willing to give up profitability' for election integrityCheddar, citing sources familiar with the matter, claims that Facebook users could use the new "digital token" to buy and sell through the platform. The social network is also "exploring other ways" that it could use such a currency.
Mark Zuckerberg announced in January that Facebook planned to "go deeper and study the positive and negative aspects of" new technologies such as cryptocurrency.
Four months later, it seems his vision is coming to fruition. Earlier this week, Facebook announced that its head of Messenger, David Marcus, would spearhead a group researching potential uses of blockchain across Facebook's platforms. Marcus is a former Paypal president and CEO, and a member of cryptocurrency exchange Coinbase's board of directors, so it's pretty clear what they're going for here.
We're a bit puzzled as to why exactly Facebook would want to create a new currency, but it would certainly make it easier for customers in different countries to buy and sell through the platform without extra conversion fees. It could also be a transaction resource for Facebook buyers in countries with more volatile currencies.
At least, that may be what Facebook tells us in order to pass this all off as a project for the greater good. Of course, it's also likely to come with a transaction fee, so we're guessing it won't hurt Facebook's bottom line.
Topics Bitcoin Facebook Social Media Cryptocurrency
Librarians’ Darkest Secrets, and Other News by Sadie SteinEasy Reading by Sadie SteinRecapping Dante: Canto 3, or Abandon Hope by Alexander AcimanStevie Nicks Writes GoT Fan Poetry, and Other News by Sadie SteinDoes God Ever Speak Through Cats? by Sadie SteinNo One? How Does No One Work for You? by Sadie SteinOr, the Modern Prometheus by Sadie SteinDepths by Geoff BendeckThis Is Spinal Fusion by Rebecca BuckwalterShopping for Groceries with the Romantic Poets by Jason NovakNASA reveals gash on moon left by crashed Russian LunaLiterary HalloweenWhat We’re Loving: Connell, Lewis, Cupcakes by The Paris ReviewAlice Munro, Laureate, and Other News by Sadie SteinAlice Munro, Laureate, and Other News by Sadie SteinFrolicking, and Other News by Sadie SteinOn Mirth, Milton, and Nostalgia: A Conversation with Mark Morris by J. Mae BarizoShopping for Groceries with the Romantic Poets by Jason NovakLibrarians’ Darkest Secrets, and Other News by Sadie SteinShopping for Groceries with the Romantic Poets by Jason Novak Neil Patrick Harris’ next project: His own channel for smart TVs We talked to an AI ethics expert about 'Black Mirror' Season 4 'Avengers: Infinity War' cake tweet sparks speculation Dude discovers genius way to get some rest and relaxation at the airport Harry Potter to get new U.S. covers designed by Brian Selznick Google to construct new undersea cables to connect U.S., Asia, Europe Streams and sales of The Cranberries are surging on Spotify, iTunes, and Amazon Booster from Chinese rocket crashes to Earth near a small town OnePlus issues statement as some buyers complain of credit card fraud Black actresses ask the #MeToo movement to stand up with them Anna Kendrick confused for another Anna K, tweets hilarious response Net neutrality's latest hope: 22 state attorneys general file lawsuit against FCC Zayn Malik shares birthday message from Deadpool on Instagram Prince Harry and Meghan Markle's love story will be a Lifetime movie Cryptocurrency prices fall on Korea uncertainty, 'Bitcoin Bank' freeze Google says Spectre and Meltdown were the worst vulnerabilities in a decade Listen to the world's first cryptocurrency HTC U11 EYEs has a big battery and a dual front camera Sad man cuts together 46 Bae creeping on their ex's Instagram? They could be 'micro
3.2684s , 8263.984375 kb
Copyright © 2025 Powered by 【Writers who wrote about eroticism】,Miracle Information Network