Facebook plans to launch its own cryptocurrency.
The company Facebook is considering issuing its own cryptocurrency. This was today, may 11, said the American TV channel Cheddar.
According to the available information, cryptocurrency will be used to make payments and purchases by users inside the platform.
"I was told that payments are the way to use blockchain, which they are now studying," said cheddar journalist Alex Heath.
David Marcus, Facebook's Vice President and former President of PayPal, is supposedly working on This.
Recall that in may, David Marcus headed the new Facebook division for the development and implementation of blockchain solutions within the company.
Meanwhile, back in February, Marcus said that Facebook does not plan to launch a system of cryptocurrency payments on the platform "in the foreseeable future". At that time, he referred to a number of problems related to cryptocurrencies, including high transfer fees and low transaction confirmation speed.