Virtual currencies are popularizing rapidly, and Facebook is keeping an eye on this market, but studies the possibility of launching their own mechanism so that users can make payments within the platform, according to The Wall Street Journal. If the news is confirmed, the billions of users around the world will soon be able to use this news.
But Facebook doesn't want to see its currency being as volatile as Bitcoin is, so it has been looking for some way to make the value of the currency more stable. If this really becomes a reality, credit card companies will have a strong competitor, as this system would not use payments processing fees.
Today, when a user will pay for some sponsored content or an ad, he most often does by credit card. As it is a very complex system, Facebook would have resorted to the help of financial companies operating in the online market.
Another novelty that the social network can launch is still a way to reward those users who somehow interact with ads, but in this regard no further details have been passed.
There are several advantages in this Facebook project, for example, it would be easier and safer for users when making payment and also facilitates the movement of money between countries. But this is not the first time the company has tried to launch this system, because in February 2018 the tests began and to this day there are many pending issues to be resolved. In any case, the expectation around the project is high.