A few weeks ago, the meta boss advertised his visions at the SXSW tech fair – with moderate success.
(Photo: action press)
Dusseldorf, Frankfurt, San Francisco The US company Meta, which owns Facebook, Instagram and WhatsApp, has drawn up plans to introduce virtual coins, tokens and lending opportunities to Meta apps, according to a report by the Financial Times (FT).
The planned virtual currency should circulate internally as “Zuck Bucks”, apparently based on Facebook’s founder Mark Zuckerberg. However, according to FT, this is not a cryptocurrency based on blockchain technology. Instead, the company controls the tokens centrally.
Such currencies, which are not based on blockchain technology, have nothing to do with cryptocurrencies such as Bitcoin, Ether, Solana or Dogecoin. The basic idea is that no central authority in the form of an individual or a company manages the system. This is the only way to ensure that a decentralized network is created and maintained that acts as an alternative to traditional, centralized financial systems.
Crypto project “Diem” only ended in February
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