Facebook Plans to Launch Their Own Cryptocurrency

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News outlet "Cheddar," just announced on May 11th that Facebook is plans to launch an in-app virtual coin. Facebook is extremely serious about having a crypto token. This information comes from the head of the messenger app David Marcus. Marcus will transfer a heading dedicated blockchain research group.

I personally find interesting because about a month ago Facebook banned all cryptocurrency ads so it doesnt make sense why they would make a cryptocurrency themselves. Hypocritical? Then again, it is also possible that Facebook wanted to deflate the price of Bitcoin by banning ads so that they may pick up some Bitcoin.

Leave you thoughts down below!!!