Friday, May 11, 2018

Facebook Plans to Create Its Own Cryptocurrency

Wait. What? Why?!?! The next thing you are going to tell me is that Facebook will be using your CPU cycles to mine while you use Facebook. 😒

Facebook is exploring the creation of its own cryptocurrency, a virtual token that would allow its billions of users around the world to make electronic payments, people familiar with Facebook’s plans told Cheddar. Facebook started studying blockchain almost a year ago, when a member of its corporate development team, Morgan Beller, began looking at how the social platform could use the emerging technology.