Facebook is considering the launch of its own digital currency, according to insiders. Cheddar, a tech and business video news network, reports that the social network is “very serious” about creating a virtual coin in competition with cryptocurrencies.
If Facebook does launch a coin, it would probably have the highest circulation of any virtual currency, with a potential market of over two billion users. By comparison, there are only around 23 million distinct bitcoin wallets, and around 33 million Ether wallets—and many users have multiple wallets.
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