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- Facebook is reportedly thinking about launching its own cryptocurrency
Posted by : Brij Bhushan
Friday 11 May 2018
It appears that social media giant Facebook might be contemplating rolling out its own cryptocurrency, reports suggest. The company is purportedly looking into using cryptocurrency to facilitate payments across its various services, according to a report from Cheddar. The publication further suggests the efforts will be led by David Marcus, who was heading the Facebook Messenger unit until recently. There are not many details as of yet, but Cheddar indicates that plans could take years to implement. Given that blockchain technologies are still in their infancy, it is unlikely Facebook will be willing to rely on decentralized solutions until they…
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