Facebook is Considering Launching its Own Cryptocurrency

Facebook is Considering Launching its Own Cryptocurrency

According to anonymous sources on Cheddar, Facebook has begun developing its own cryptocurrency, which will serve as a means for making payments between users of this social network. The source of such information is not specified by the information portal, but he[she] assures everyone of the seriousness of Mark Zuckerberg’s intentions.

The fact that Facebook is exploring the possibility of blockchain use in the social network, is far from new. According to the published information, Facebook vice-president David Marcus has led a new team that should from scratch start searching for ways to implement effectively block-chain technology in all Facebook projects. However, the cryptocurrency from Facebook is something new.

David Markus is a well-known bitcoin investor. That is why many believe that he will not miss the opportunity of becoming an active participant in the launch of a new cryptocurrency, which has more than a serious base in the form of a multi-billion dollar Facebook company.

“Payments using crypto right now is just very expensive, super slow, so the various communities running the different block-chains and the different assets need to fix all the issues, and then when we get there someday, maybe we’ll do something,” Marcus said in February this year.

In any case, the launch of any blockchain project takes a lot of time, especially when it comes to serious cryptocurrency. Do not expect that some Facebook Coin will soon enter the market, even if the team of its developers has started their work. Therefore, be vigilant, as skillful scammers will offer such a coin through fake websites. (By the way, earlier we wrote how to choose the right ICO).

Earlier in 2009, the social network was already engaged in launching a virtual currency (although it had nothing to do with the cryptocurrency). That currency was intended for the purchase of virtual goods in games integrated in Facebook. But the project was a failure and was soon closed.