Facebook is working on its own cryptocurrency

Hoping to invest in the next Bitcoin? Keep an eye on Facebook. No, but really. According to a Cheddar report, the company is hard at work on its own cryptocurrency. 

SEE ALSO: Facebook: 'We’re willing to give up profitability' for election integrity

Cheddar, citing sources familiar with the matter, claims that Facebook users could use the new "digital token" to buy and sell through the platform. The social network is also "exploring other ways" that it could use such a currency. 

Mark Zuckerberg announced in January that Facebook planned to "go deeper and study the positive and negative aspects of" new technologies such as cryptocurrency.  Read more...

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