A secretive unit at Facebook has been working on a digital currency for its 2b users to send money to each other and buy goods and services across the internet. In the process, they've been meeting with cryptocurrency exchanges, including Gemini - founded by Zuckerberg's sworn enemies the Winklevoss twins.
“Payments is one of the areas where we have an opportunity to make it a lot easier. I believe it should be as easy to send money to someone as it is to send a photo,” said Mr Zuckerberg, Facebook’s founder, at the company’s developer conference at the end of April. But the project will be “bigger and more open” than just a way to make payments and purchases within Facebook, according to three people familiar with the project. To make sure that its new currency, a digital coin linked to the value of the dollar, is liquid and tradeable, Facebook has talked to Jump and DRW, Chicago’s biggest high-frequency trading firms about making a market, according to two people familiar with the talks.