In this story
Facebook’s parent company says a virtual currency is in the works
Meta is exploring a series of finance products, according to new reports from the Financial Times.
In one instance, ‘Zuck Bucks’ are coming to life. But reports suggest they are unlikely to be a cryptocurrency. Instead, they will work as in-app tokens, which would be centrally controlled by the company.
“We have no updates to share today,” a Meta spokesperson told The Verge.
The name is not finalised but employees within Meta’s headquarters have already reportedly coined the term.
“We continuously consider new product innovations for people, businesses, and creators.”
FACEBOOK SPOKESPERSON
Meta has not completely distanced itself from blockchain products in the past.
It’s understood the company is also looking into posting and sharing non-fungible tokens on Facebook.
