It’s no secret that such giants as Google and Facebook are relatively negative to ICO advertisiment.

However, this does not mean their radical attitude towards cryptocurrency. CEO of Twitter, for example, after Twitter banning of ICO advertising , said in an interview that, in his opinion, cryptocurrency will take a lead in the future.

American TV channel Cheddar announced plans for Facebook to create its own cryptocurrency. According to available data, it will be used to make payments and purchases by users within the social network.

As stated by Facebook — the use of blockchain for payments is exactly the area that they are currently working on.

The former president of PayPal, and now the vice president of Facebook, David Marcus, is engaged in the design and development of this cryptocurrency.This month, Marcus has already created and headed the unit for the development and implementation of blockchain technologies within the company.

However, David Marcus stated that in the near future this project will not be launched due to the many problems that may be associated with the new cryptocurrency, for example, high transfer fees.

Let’s hope that this idea will be realized, because the introduction of blockchain into such large projects only increases confidence in cryptocurrencies and helps them to become confident market players.

Keep track of the latest news from cryptocurrency with Sibcoin. Discuss it in the Sibcoin community in Telegram (https://t.me/sibcoin_en)