Facebook held talks with Mark Zuckerberg's arch rivals the Winklevoss twins for a partnership on the company's new cryptocurrency

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The social network discussed its planned digital coin with the bitcoin billionaires.

The social media giant has met with Jump and DRW, Chicago's largest high-frequency trading firms, as well as cryptocurrency exchanges including Coinbase and Gemini, according to the FT. It is probably assembling the partners and digital infrastructure needed for its users to safely store their digital coins, exchange them for other cryptocurrencies or conventional currencies, and make payments.

Facebook is working on a virtual checkout that would allow users to pay with its coin across the internet, according to the Journal. It's also exploring ways to reward users with fractions of coins for watching adverts, engaging with content, and making purchases, the newspaper reported. The prospect of a Facebook coin lifted cryptocurrencies on Friday. Bitcoin climbed 5% to around $7,960, while ethereum and bitcoin cash jumped about 7% and litecoin surged 11%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Ferdinand Porsche’s Great-Grandson Is Gearing Up to Disrupt The Sports Car MarketFerdinand Porsche's great grandson is ready to make his mark in the sports car market.
Source: Forbes - 🏆 394. / 53 Read more »

How Ferdinand Porsche’s Great-Grandson Is Gearing Up to Disrupt The Sports Car MarketFerdinand Porsche's great grandson is ready to make his mark in the sports car market. should have stopped in '70 To days long gone... Porsche
Source: Forbes - 🏆 394. / 53 Read more »

How Ferdinand Porsche’s Great-Grandson Is Gearing Up to Disrupt The Sports Car MarketAnton Piëch, a member of the extended Porsche family, is gearing up to make his mark on the automotive world—not by redefining what it means to be a sports car but rather by changing the foundation on which one is built Like making the rear wing of their suv not break
Source: Forbes - 🏆 394. / 53 Read more »