Even though it prohibits cryptocurrency advertisements or digital currencies from circulating on the platform, this does not mean that Facebook is really anti-bitcoin and the like.
Facebook is reportedly preparing to make its own virtual currency, although it is not yet known when it was officially announced.
Facebook's plan to make cryptocurrency is not the first time it has emerged. But it seems, Facebook this time looks more serious to realize it.
Beginning with the appointment of Mike Schroepfer to assume the position of Head of New Platform and Infrastructure, after Facebook overhauled the company's internal scale.
Schroepfer who previously served as Chief Technology Officer will be responsible for developing the company's long-term products including Blokchain. For information, blockchain is a basic technology in operating cryptocurrency.
Blockhain has a decentralized record-keeping system. This system is believed to be able to help Facebook out of its problems lately such as verification of identity or ad sales.
As said before, Facebook has not announced when it will launch its cryptocurrency. Facebook is also said to have no plans to hold an initial offering of digital coins or commonly called ICO.
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