Facebook is planning to launch its own Cryptocurrency

David Marcus, the star executive who was leading the Messenger group at Facebook has recently moved out to form a new blockchain group. The blockchain group under his supervision is rumored to build a platform and a cryptocurrency from scratch which will allow Facebook marketplace users to instantly pay for the good bought.


While payments seem like a natural idea for Facebook to use Cryptocurrency for, it might also be preparing itself for a future where decentralized social networks gain traction and users become more aware of the privacy aspects in a social network.

There are no specific details on the name, type of algorithm used and how it will be valued, This post will be updated with more news as we get information. Cheddar has more details on the scoop, here’s a link

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