Facebook can release its own cryptocurrency - media

Facebook can release its own cryptocurrency – media

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The social network Facebook can release its own cryptocurrency, writes Cheddar portal with reference to the sources familiar with the situation.

“They are very serious,” one source said.

Presumably, the study of the issue of cryptocurrency will be engaged in the blockchain-division of the social network, the formation of which was recently announced by the head of Facebook Messenger David Marcus.

Previously, Marcus was the president of the PayPal payment system, whose solutions are currently used to make transfers between users of the Facebook messenger. He is also a member of the board of directors of the American cryptocurrency company Coinbase.

Information about the possible launch of cryptocurrency on the basis of Facebook is not replete with details, and Cheddar notes that the implementation of the plan can take years.

“Like many other companies, Facebook is exploring the possibilities of using blockchain technology,” said the spokesperson for the social network. “Our new small team is exploring various areas of application of technology. So far we have nothing to share. “

One source said that to implement the idea to launch its own digital currency Facebook, you probably will have to buy one of the existing cryptocurrency start-ups. At the same time, ICO does not plan to conduct its potential cryptocurrency.

In February, Markus said that in the foreseeable future, Facebook does not intend to integrate cryptocurrencies into any of its applications.

“Payments using cryptocurrency are now very costly. In addition, they are very slow. The various communities that exist around the plethora of blockchains and assets must first solve all the problems, and when they solve them, we, perhaps, will do something,” he said then.

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