Media: Facebook To Announce Own Cryptocurrency This Month

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Facebook is ready to announce the launch of its own cryptocurrency this month. The report also says that Facebook solicites third-party organizations to act as nodes that help manage cryptocurrency. The launch of cryptocurrency can help the company to diversify revenue, which today largely depends on the advertising sales. Facebook creates a fund with nominal partners to help manage its currency. Since then, several outlets have announced that the company creates its own digital currency that users can store and exchange for regular currency using Facebook applications, including Messenger and WhatsApp.

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Facebook is ready to announce the launch of its own cryptocurrency this month. Employees working on the project will be able to receive salaries in the form of a new currency, as is reported by The Information.

21.12.2018  |   in Innovations BREAKING: Facebook and WhatsApp join the stablecoin mania About a year ago, the company appointed the former executive of PayPal, David MARCUS, to teamlead the blockchain research department. Since then, several outlets have announced that the company creates its own digital currency that users can store and exchange for regular currency using Facebook applications, including Messenger and WhatsApp. Facebook also plans to use physical ATMs, where users can buy their currency.

The launch of cryptocurrency...

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