Facebook owner Meta targets finance with 'Zuck Bucks' and creator coins
Social media group seeks alternative revenue streams as popularity of its main products falls
Source: irishtimes.com
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Zuck Bucks: Facebook Is Still in Love with the Idea of Issuing Digital Currency
A recent report claims that tech giant Facebook (now known as Meta) is still planning on developing its own digital currency despite previous failures in the crypto space. Mark Zuckerberg and the Masters of the Universe are reportedly exploring the "least regulated way to offer a digital currency."
Source: breitbart.com
Meta may introduce tokens and digital currency lending services to apps: Report
Meta's move into the financial space is reportedly aimed at developing alternative sources of revenue as interest in Facebook and Instagram drops.
Source: cointelegraph.com
Exclusive: Meta freezes Novi digital wallet project
Suspension of the project has left 100 employees at Facebook's Israel R&D center facing an uncertain future, sources have informed "Globes."
Source: globes.co.il
The end: Facebook-backed digital currency Diem sold to bank
Facebook announced the Libra project in 2019, at the time envisioning it as a stablecoin based on a basket of national currencies that could serve as a global currency for the unbanked around the world.
Source: businessmirror.com.ph