Mark Zuckerberg is 'studying' cryptocurrency, which could help Facebook catch Asian rivals
Publishing timestamp: 2018-01-04 22:31:57
Summary
Facebook's payment features have lagged behind Chinese competitors Alibaba and WeChat. Mark Zuckerberg is studying cryptocurrencies as a way for Facebook to catch up in the payment tech space. Zuckerberg expressed interest in decentralizing power through technology like encryption and cryptocurrency in his 2018 mission statement. Despite the ban on ICOs and crypto exchanges in China, Facebook could potentially gain an edge by moving quickly to build a crypto wallet or issue a Facebook coin.
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Keywords: venture capital, business news, meta platforms inc, mark zuckerberg, technology,