Meta has drawn up plans to introduce virtual coins, tokens and lending services to its apps, as Facebook’s parent company pursues its finance ambitions despite the collapse of a project to launch a cryptocurrency.
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Facebook owner Meta targets finance with ‘Zuck Bucks’ and creator coins
The new plans represent a far cry from Diem and the dream of creating a cryptocurrency. Staffers are now trying to find the least regulated way to offer a digital currency, two people said, with a digital token that is not based on the blockchain emerging as the most attractive option.
