The social media giant, Facebook, is looking to start its own cryptocurrency, say sources. This has come as a shock to crypto enthusiasts as Facebook had recently banned cryptocurrency and ICO ads of all formats!
According to sources, Facebook, which is undoubtedly the best social media platform, is exploring the cryptocurrency waters! According to Cheddar, Facebook is thinking about the benefits that it could have by introducing its own cryptocurrency.
Currently, Facebook’s market cap is $533 billion USD, which is about $135 billion USD more than the total cryptocurrency market cap. The Facebook blockchain team, which was recently announced, could be put into work for developing the alleged ‘Facebook cryptocurrency’.!
