Financial online publication Cheddar reported that the management of Facebook is exploring the potential benefits of issuing its own cryptocurrency.
Citing anonymous sources familiar with the situation, Cheddar writes that created last week by the Department of research on blockchain technology Facebook will develop token social network:
“Sources report that Facebook in particular is interested in creating their own digital token, which would allow its two-billionth of the audience to support the economy of the site transactions without the involvement of national currencies. The company is considering other uses of the blockchain, implying the use of cryptocurrencies such as bitcoin and ether.”
The article also says that Facebook wants to use the blockchain to improve the algorithms of identification and strengthening of the backend infrastructure — including, probably, the storage of personal data of users.
These discussions are preliminary, and even if Facebook’s decision is positive, issue the crypto currencies will be held on Facebook only a “few years”. However, according to sources, Cheddar, the Corporation is planning a “strategic transaction” for the purchase of cryptocurrency companies to create a blockchain infrastructure.
Facebook, argues the author, were not planning a ICO for two reasons: first, the profit of the Corporation is billions of dollars, and secondly, because of the risk of worsening the already affected reputation. Instead, the company will announce airdrop or find a different way of distribution of tokens between users.
The social communication platforms your cryptocurrency released the Telegram and Kik. The latter also plans to move to their own blockchain created by the upcoming hard forks Stellar.