Facebook Considers Creating Their Own Cryptocurrency

News source Cheddar has reported that the media giant, Facebook, is “very serious” about its plans to launch its own cryptocurrency reported by this media outlet on May 11.

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According to the anonymous report, this announcement comes right after David Marcus, the man in charge of Facebook’s messenger app, stated he would be interested in starting a blockchain research group.

If the source is true this creates a considerably hypocritical position for Facebook. The platform has banned cryptocurrency related advertising across the network in January.

The social media giant was citing “misleading or deceptive promotional practices” which was intentionally to deter fraudulent ICO’s. Nonetheless, a blanket ban for all cryptocurrency related advertising was imposed.

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