Facebook will pay users for viewing ads

Last year, the media reported that Facebook was interested in cryptocurrency and plans

create your own. Now The Wall Street Journal, citing its sources confirms this information.

What do they want

The project is called Project Libra, and work on itbeing over a year. For its payment network, the company intends to use stablecoin - a special kind of cryptocurrency, the rate of which is pegged to the rate of the usual currency. As a result, such a cryptocurrency is less subject to fluctuations.

The stability of cryptocurrency should provide investment: Facebook plans to raise about $ 1 billion. The company is already in talks with Visa, Mastercard and payment operator First Data.

Why do you need it

Facebook discusses collaboration with shoppingplatforms, so that they take cryptocurrency for purchases. And the sources say that the commission from the sellers for using the payment system will be less than the usual 2-3%.

In addition, cryptocurrency will be encouraged by active users. For example, for viewing ads, making purchases, etc. Simply put, such a loyalty program.

When Facebook can run its owncryptocurrency and whether it will launch at all - is still unknown. While all developments and plans are kept secret. The representative of the division of the Facebook company responsible for blockchain projects declined to comment on this information and only noted that “like many other companies, Facebook is exploring various ways to use the possibilities of the blockchain technology.”