Facebook is reportedly ‘very serious’ about launching its own cryptocurrency
- It’s not the first time the idea of a Facebook coin has been floated, but the plans take on some greater meaning in light of Facebook’s recently reshuffled executive structure and newly formed blockchain group.
- Blockchain, the decentralized record-keeping system, could help tackle some of Facebook’s most bothersome problems, like identity verification or advertising sales.
- It would likely be years before Facebook’s work on blockchain and cryptocurrency became anything material, Cheddar reports.
Read the full article on Cheddar and CNBC.