According to Cheddar, Facebook is rumored to be considering its own cryptocurrency. It is believed that Facebook’s cryptocurrency would be used specifically for facilitating payments on the social network.
Facebook started studying blockchain almost a year ago, when a member of its corporate development team, Morgan Beller, began looking at how the social platform could use the emerging technology.
And Facebook is also looking into ways to utilize the digital currency using blockchain technology. This rumor coincides with Facebook’s decision to have David Marcus head up a blockchain division at Facebook.
Trader Nikolay Georgiev