Meta’s new virtual currency appeared: Zuck Bucks

Focusing on Metaverse and announcing the addition of NFTs to Instagram last month, Meta is now working on a virtual currency to be used on social media platforms. output.

Detachable from cryptocurrencies

According to reports by the Financial Times, the company’s new tokens, dubbed ‘Zuck Bucks’, are expected to be a project that can be used within a simple app, rather than the highly popular blockchain-based cryptocurrencies today. . However, the Financial Times says the new tokens will have different uses, such as contributing to Facebook groups and Instagram creators.

Besides virtual currencies, also Continuing its research on new financial services to contribute to small businesses, Meta said, “As a company, we are focused on creating a metadatabase, and this includes how payments and financial services can look.”