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Facebook's cryptocurrency plans may be more ambitious than we thought

A new WSj report claims the social media giant is launching a crypto-based payment system codenamed "Project Libra" that will include a stablecoin, ability to pay on third party sites, and potential to reward users for viewing ads.

Whenever anyone officially asks, Facebook reiterates its old mantra: It's exploring many different applications of blockchain technology. But as more details about its crypto project emerge, it's starting to look like one of Facebook's most ambitious ideas to date — and one that could finally bring cryptocurrency into the mainstream.

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defi, cryptocurrency, blockchain, payments