Curiously, the payments are planned to be made in their own cryptocurrency, which Facebook wants to develop in conjunction with a large payment system. Negotiations are underway with Visa and Mastercard. Most likely, it will be steyblecoin, the course of which will be tightly tied to the US dollar. This will minimize the volatility of the digital currency. Facebook plans to spend on its creation about $ 1 billion.
As for rewards, users will receive cryptocurrency for their activity: viewing ads, interacting with content or making purchases through the Facebook platform. It will be something like a loyalty program, but instead of bonus points there will be crypto-coins of the social network.
The representative of the blockchain division of Facebook declined to comment on this information and recalled the company's past statement.
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"Like many other companies, Facebook is exploring various ways to use the possibilities of the blockchain technology."
In mid-April, it became known that Telegram had found a partner for launching its blockchain platform. They have become one of the largest payment services systems – German Wirecard AG, which is the world's innovative leader in the field of digital financial technologies. In fact, the cryptocurrencies from Facebook and Telegram are now the most potentially interesting blockchain projects, to which the most attention of the audience is riveted.