Facebook Exploring its Own Cryptocurrency

[xyz-ihs snippet="728x90-ATF"]

Source: Getty Images

Facebook is reportedly considering creating its own cryptocurrency to allow payment for services, ads, games, etc.

According to the Associated Press, the cryptocurrency would differ from Bitcoin in that Facebook would aim to keep the digital coin’s value stable.

Sources close to the powerful tech company reveal Facebook has been working with financial firms and online merchants to launch the network.

Using their own form of cryptocurrency would allow Facebook to sidestep credit cards and the processing fees that go along with them.

[xyz-ihs snippet="728x90-BTF"]

[xyz-ihs snippet="footer"][xyz-ihs snippet="taboola-pixel"]
[xyz-ihs snippet="Article-footer"]