Social media behemoth Meta is reportedly considering rolling out a digital currency, the Financial Times revealed on Wednesday, years after the company’s initial efforts to create a cryptocurrency called Libra ran around on a combination of stifling regulations and user distrust.
Despite the collapse of its planned cryptocurrency Diem – formerly known as Libra – Meta has not given up on its plans to muscle into the financial services sector, with internal sources suggesting the company has plans to roll out a whole suite of virtual coins, tokens, and even business lending services. Continue reading “Meta plans to create currency – media — Analysis”
