Facebook will have a payment platform with its own cryptocurrency

Facebook has long been known to work on its own cryptocurrency. Although it is a project about which we do not know anything so far. The company has hardly shared data on this new project. Now, we have new data in this regard. Since the firm would be developing its own payment platform, in which this own cryptocurrency would be used.

Facebook will have a payment platform with its own cryptocurrency

This project, currently under development, has the Libra Project as a name, at least for the moment. Some media in the United States have new data in this regard.

Own cryptocurrency

The idea is to integrate a kind of own payment service, like Google Play or Apple Pay. In this case, this own cryptocurrency, which has no name for now, would be used as the main payment method. It seems that Facebook is currently in negotiations with other parties to introduce this system in their app. Although at the moment we do not know what stage the negotiations are in, or what they are specifically about.

The social network wants this payment platform to compete with others that already exist on the market. A complex project, for which some media say it takes $ 1 billion. We do not know if this will be so.

Without a doubt, it is a project full of ambition, although with risks. But Facebook has the advantage of having 2 billion users. So it is something that can have quite a following from the start. We hope to know more soon.

WSJ Font