On this Oct. 28, 2021, picture, Fb unveiled their new Meta emblem on an indication on the firm headquarters in Menlo Park, Calif. A brand new report from Meta finds a giant leap in disinformation and propaganda linked to Russia’s invasion of Ukraine. Tony Avelar, Related Press
Meta, the mum or dad firm of Fb, could quickly create a brand new foreign money referred to as “Zuck Bucks.”
Driving the information: Meta could also be exploring a brand new finance product referred to as “Zuck Bucks,” which might be a digital foreign money system, per the Monetary Occasions.
Particulars:
- Monetary Occasions stories that the “Zuck Bucks” seemingly wouldn't be a cryptocurrency.
- “As an alternative, Meta is leaning in the direction of introducing in-app tokens that might be centrally managed by the corporate, much like these utilized in gaming apps such because the Robux foreign money in widespread youngsters’s recreation Roblox,” per Monetary Occasions.
Flashback: Again in January, Meta stopped Fb’s try and carry cryptocurrency to its customers when the Diem Affiliation — which Fb based in 2019 — mentioned it will promote its know-how to a California financial institution, per The Wall Road Journal.
- Fb deliberate to create a cryptocurrency named Libra again in 2019, which might then drive e-commerce ventures on the platform, based on The Related Press.
Sure, however: “The mission instantly bumped into fierce opposition from policymakers globally, who fearful it might erode their management over the cash system, allow crime and hurt customers’ privateness,” per Reuters.
One last item: Per The Verge, Meta is probably including new “social tokens” or “repute tokens” that might be given as rewards to Fb group members.