Meta plans virtual currency, creator coins for its apps - FT - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Meta Platforms Inc is readying plans to introduce virtual tokens and cryptocurrencies to its family of apps with an aim to use such virtual tokens for rewarding creators and lending and other financial services, the Financial Times reported on Wednesday.

The move, which is reported to be in its early stages, comes as Meta grows its focus on services centered around the metaverse, a virtual environment where people interact, work and play.

Meta’s cryptocurrencies, internally dubbed “Zuck Bucks”, are intended for the metaverse and may not be based on blockchain, the FT report said, citing people familiar with the matter.

 

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