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Sidestepping credit card transaction fees could also allow Facebook’s cryptocurrency to offer a cheaper way to pay merchants for traditional ecommerce, or facilitate microtransactions for a la carte news articles or tipping of content creators.
And a better understanding of who buys what or which brands or popular could aid Facebook in ad measurement, ranking, and targeting to amplify its core business.
Facebook is working with various countries to pre-approve the rollout of the stablecoin.
Usage: Facebook’s cryptocurrency will be transferrable with zero fees via Facebook products including Messenger and Whats App.
But Facebook is now testing a pivot away from its core identity of connecting you with existing friends so it can revitalize the social graph and keep people coming back.
Facebook’s “Meet New Friends” lets you browse people from shared communities such as your school, workplace or city who’ve also opted in to the feature.
There is always a chance that the announcement date could fluctuate if snafus with partners or governments arise.But that I’d have to wait until June 18 when a whitepaper was supposed to be published to get more details.” She told him she thought the date was already a publicly known fact, which it wasn’t.Then, yesterday Tech Crunch received a request for a June 18th news embargo from one of the communications managers for Facebook’s blockchain team.is invading Tinder’s space with a new set of dating features.It will let people opt in to creating a dating profile on Facebook.
Here’s what we know about Facebook’s blockchain project: Name: Facebook will likely use the Libra codename as the public facing name for its cryptocurrency, which The Information reports won’t be called Global Coin as the BBC had claimed.