Facebook To Study Crypto Currency, Says Mark Zuckerberg

Mark Zuckerberg, the creator of social media platform Facebook, has announced that his company will explore the possibilities of integrating crypto currencies into its platform. Facebook is used by people belonging to all walks of life. Some use it occasionally, while others use it on a daily basis.

Businesses use Facebook to connect directly to their clients. The company boasts of 2.1 billion active users worldwide. In the first Facebook post of 2018, Zuckerberg has expressed his interest to study the pros and cons of block chain technology and decide how to make the best use of it to improve Facebook’s services.

Zuckerberg wrote:

The last sentence is of paramount importance. Facebook can easily create and integrate a unique crypto currency coin to its platform, similar to Steemit.

There are important counter-trends to this –like encryption and cryptocurrency — that take power from centralized systems and put it back into people’s hands. But they come with the risk of being harder to control. I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.

Alternatively, it can use any of the available coins available in the crypto market. Either way, it will assist the mass adoption of crypto currencies.