Facebook- own coin soon.

[yaman]

In what is Mark Zuckerberg’s now-traditional New Year Speech, the Facebook supremo pledged to fix the social network’s many problems which bubbled up in 2017. Perhaps understandably, that admission hogged the headlines but Zuckerberg also said he plans to study encryption and the blockchain “see how best to use them in our services.”

The Facebook founder has long believed his company’s mission is to connect the world — to the point that he still makes much-mockedefforts to woo the Chinese government — and the blockchain is a technology that, if utilized correctly, could give Facebook a platform to beat censors worldwide, even in China.censorship is just one of many areas where Facebook could utilize the blockchain and a decentralized network. It has invested heavily in peer-to-peer payments — perhaps in the hope of emulating the high level of user engagement WeChat sees in China — and fintech is a hotbed for blockchain-focused technology and startups. Beyond launching its own project or buying another, Facebook could also piggyback any number of decentralized payment platforms that are currently in development and aimed at making global payments cheaper (free?) and faster.