Virtual currencies are rapidly becoming popular, and Facebook is keeping an eye on this market, but is studying the possibility of launching its own mechanism so that users can make payments within the platform, according to The Wall Street Journal. If the news is confirmed, billions of users around the world will soon be able to use this new feature.
However, Facebook does not want to see its currency as volatile as Bitcoin, so it has been looking for a way to make the value of the currency more stable. If this really becomes a reality, credit card companies will have a strong competitor, since this system would not use processing fees for payments.
Today, when a user pays for sponsored content or an advertisement, they usually do so using a credit card. Since this is a very complex system, Facebook has reportedly sought help from financial companies that operate in the online market.
Another new feature that the social network may launch is a way to reward those users who somehow interact with the ads, but further details have not yet been provided regarding this.
There are several advantages to this Facebook project, for example, it would be easier and safer for users when making payments and it would also facilitate the movement of money between countries. However, this is not the first time that the company has tried to launch this system, as testing began in February 2018 and there are still many pending issues to be resolved. In any case, there is great expectation surrounding the project.
