Virtual currencies are rapidly gaining popularity, and Facebook is eyeing this market, reportedly considering launching its own mechanism for users to make payments within the platform, according to The Wall Street Journal. If the news is confirmed, billions of users worldwide will soon be able to use this new feature.

However, Facebook doesn't want its currency to be as volatile as Bitcoin, so it's looking for ways to stabilize its value. If this becomes a reality, credit card companies will have a strong competitor, since this system wouldn't use processing fees for payments.

Today, when a user pays for sponsored content or an advertisement, they most often do so by credit card. Because it's a very complex system, Facebook reportedly sought help from financial companies operating in the online market.

Another new feature that the social network may launch is a way to reward users who interact with ads in some way, but no further details have been released regarding this yet.

There are several advantages to this Facebook project; for example, it would make payments easier and safer for users, and it would also facilitate the transfer of money between countries. However, this isn't the first time the company has tried to launch this system, as testing began in February 2018 and many issues remain unresolved. In any case, there is great anticipation surrounding the project.