Tech

‘Zuck Bucks’ are on the way, so what are they?

Published

4 years ago

April 7, 2022

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.”
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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.

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.