Facebook Can Remove Your Own Crypt Money

Financial news source According to the news of Cheddar on Friday, the Social Media Facebook is exploring the advantages of driving its own crypt money to the market.

Alex Heath, believes that the company is worth more than $ 140 billion from the crypto money market with a total value of $ 533 billion and that the company has its own high-level authorities under the leadership of the blockchain research team


"People and resources close to the issue said that Facebook is concerned with issuing a token that would allow the user over two billion dollars to make transactions without paying the nominal money. Facebook is also exploring where it can use core blockchain technology, which is based on popular crypto currencies such as bitcoin and ethereum.

Alex is also investigating whether the company can use blockchain to improve authentication and server infrastructure security,

As we have done before, Facebook has established a team focused on investigating blockchain technology.

David Marcus is on the lead of the team at Coinbase .

Marcus, who previously held Paypal is a very straightforward advocate on crypto money and this experience of digital payment company makes him an ideal choice for a potential step in this space

This initiative may lead to "strategic investments" in the trustee, crypto money world, as Facebook does not want to create its own blockchain infrastructure

and if Facebook decides to release its own crypto money, it will be "years later."

Facebook is not the only social media platform that wants to remove its own crypto currency. The telegram collected the 1.7 billion currency with the first digital money supply method for the platform called Telegram Open Network which is called a "third generation blockchain". Kik the messaging application is pursuing a blockchain nickname of Kin .

According to Heath, Facebook currently does not review any ICO project because it has billions of dollars as well as selling this token can put the company's already tough days into an even worse muddle. Instead, company coins can be given to users in the form of free or gift from the sky.