In the coming altcoin news, we have Facebook with a new initiative through which it aims to partner and get the long-desired crypto push. A report shows that Facebook wants eCommerce solutions and that Mark Zuckerberg still has his high cryptocurrency ambitions.
As we can see from it, Mark Zuckerberg’s company is actively looking to ink deals and support its cryptocurrency payments ecosystem. Facebook, according to a new Wall Street Journal report, is in discussions with “dozens of financial firms and online merchants” to support the unveiling of its new blockchain-based payments network. From this, it is no secret that Facebook wants eCommerce solutions that are stable – and is reportedly looking to lasso $1 billion for its new cryptocurrency while talking to some major players.
Facebook Building Cryptocurrency-Based Payments System https://t.co/xGDlyhDHnZ
— Barry Silbert (@barrysilbert) May 3, 2019
As the latest cryptocurrency news show, Facebook is now aiming at becoming a venture capitalist company but also building a new crypto initiative. The fact that Facebook wants eCommerce was also seen in its crypto initiative codenamed “Project Libra” where the company said that discussions have been expanded to include leaders in the payments space – including payment processors like Visa and MasterCard in addition to First Data.
In addition with this, Facebook wants eCommerce from stable companies. As reports show, the company is in talks with several giants in the space while trying to figure out how to use its new cryptocurrency. Motivated to approach online merchants and customers, Facebook is on the right path to both a crypto adoption and a crypto push of its new branded cryptocurrency – which some people dubbed “the Facebook Coin.”
As the best cryptocurrency news sites show, Facebook boasts more than 1 billion users and getting more crypto in their hands could definitely open a lot of possibilities for cryptocurrency adoption – even though it is Facebook we are talking about. Meanwhile, the company is also looking to incentivize users of its cryptocurrency and possibly reward them with crypto.
Despite the privacy scandals which are the elephant in the room for the crypto community, the fact that Facebook wants eCommerce solutions for cryptocurrency adoption shows that Mark Zuckerberg is really interested in the world of crypto – and that we could be seeing massive adoption – starting from Facebook as the leading social media platform.
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