Over the years, Mark Zuckerberg has made a number of smart moves that only helped him expand the reach of Facebook and improve the outlook of the business going forward. Purchases including WhatsApp, Instagram, and Oculus allowed Facebook to grow its customer base and monetize even more user data via ads, compete better against other image and video-based social networks, and develop new hardware and software experiences targeting VR users. The next major objective on Facebook’s roadmap seems to be the blockchain. The company has already confirmed its working on blockchain technology, and reports said Facebook will release its own cryptocurrency in the future, in the form of a stable coin that will be pegged against the dollar. It’s unclear when that will happen, but Facebook just made a significant move that further proves it’s serious about the blockchain.
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Facebook’s latest move proves it’s betting big on blockchain tech originally appeared on BGR.com on Tue, 5 Feb 2019 at 07:31:22 EDT. Please see our terms for use of feeds.
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