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Facebook invests in its digital currency and loans

Recently, Mark Zuckerberg, creator of Facebook, raised several debates on the internet related to the direction that technology will take. The businessman announced the creation of “Metaverse”, the company's biggest bet for the future of the digital world. Because of this, Meta also presented the creation of its own currency and loans for those who are within this reality.

Read more: Blockchain: influence in the world and in the Metaverse

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What is the purpose of the Meta group?

Basically, the Meta group, owner of the biggest apps today, such as Facebook, WhatsApp and Instagram, intends to create its own digital currency. For this, the financial part of the company should explore the main payment methods and monetary services on the internet, reaching the “tokens” market in the widest possible way.

In this way, they intend to guarantee that any user of their services, regardless of region, have access to a very globalized financial system, which can accelerate empowerment economic.

Who can get loans?

Offering loans is one of the objectives that most attracted the attention of those connected to the technology and digital transactions market. However, this is a long-term plan for the company, but it is already looking for some credit partners. In addition, the group intends to develop integrations between NFTs and their main applications.

In fact, it is already possible to find many of these non-fungible tokens in several technology giants besides Facebook, such as Google and Twitter. More than that, it is very likely that there will be partnerships between these companies, integrating Web 3.0 characteristics in their respective platforms.

How will the digital currency work?

Called “Zuck Bucks” by the development team, the currency will not be based on Blockchain, like the famous Bitcoins. Basically, it will really be a kind of virtual money, like online game coins. In this way, there is greater regulation, which can make digital transactions more secure, preventing scams and theft.

In the end, many people are already looking forward to the new tools, especially because they believe that this will be the future of humanity. Because of this, investment in NFTs is massive, even by big celebrities.

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