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Facebook plans its own bitcoin for payments

R Sinduja

News Editor
Image Credit: shortpedia

The WallStreet Journal reported that Facebook is planning to launch its own bitcoin for payments for users worldwide. The system will use a digital coin similar to bitcoin but will differ in that FB aims to keep the coin's value stable. Fb seems to be recruiting dozens of financial firms & online merchants to launch the network. FB's plans may include ways to reward users who interact with ads etc financially.