Facebook Planning To Launch Its Cryptocurrency

Reports

As it was stated in the latest reports that Facebook is planning to launch it own Cryptocurrency (Facecoin) despite the banning of ads against Cryptos. The company C.E.O Mark Zuckerberg has shown interest in Blockchain in the past; he thinks he can help Facebook and solve multiple issues when Implemented.

The company is very serious about this project which they have started studying about Blockchain since last year.

The company may integrate this digital coin to it payment system so as to make use of it to make and send payment on it platform (FB).

image-credits: fossbytes

The reports sate that David Marcus, vice President of Messenger app, is leading the team in developing of the new FB digital coin with about dozen of other FB employees. Marcus is most suitable for the Job because he was the President of PayPal.

This could tend to be rumor as the company has not released official news about the new development. However, if it turns out to be true, it could mean a big change for the company and it users.

Rumor or not, Mark is a psychologist, he tends to know what is going around the tech word. Blockchain is the number one interest of people and other giant tech companies. Many giant companies are looking into this even with Bill Gate, Buffet blaspheme about Bitcoin in their last week interview when they were asked about Bitcoin. Later or sooner Facebook will have it own Digital Currency.