Facebook is planning to get into a whole new business as per the announcement made by the Facebook CEO Mark Zuckerberg. The giant social media networking site has already remained in the news for a variety of reasons and there seems no stopping to the achievements the company has decided to make in the upcoming years.
In his latest post, Zuckerberg has quoted to integrate cryptocurrency in its platform in order to get into a new tech world. Integrating cryptocurrency into Facebook is sure to seem beneficial for the business of the giant social media platform. Cryptocurrency, today needs no mention. The technology has already impressed a number of enthusiasts owing to the exceptional attributes it holds.
Through his post, the Facebook CEO quoted, every year I take on a personal challenge to learn something new. I’ve visited every US state, run 365 miles, built an AI for my home, read 25 books, and learned Mandarin.
He further continued:
I started doing these challenges in 2009. That first year the economy was in a deep recession and Facebook was not yet profitable. We needed to get serious about making sure Facebook had a sustainable business model. It was a serious year, and I wore a tie every day as a reminder.
Today feels a lot like that first year. The world feels anxious and divided, and Facebook has a lot of work to do — whether it’s protecting our community from abuse and hate, defending against interference by nation states, or making sure that time spent on Facebook is time well spent.
My personal challenge for 2018 is to focus on fixing these important issues. We won’t prevent all mistakes or abuse, but we currently make too many errors enforcing our policies and preventing misuse of our tools. If we’re successful this year then we’ll end 2018 on a much better trajectory. Read the full post here.
The post has come directly from a person who in a number of ways is leading the world of innovations. The post continued to get attention from a community that would care the most about every world the CEO would preach.
Also Read: Cryptocurrencies are on the Rise
The world of cryptocurrency is still budding and has all the potential to grow massively in the upcoming years. A number of companies have already started investing in the much impressive Cryptocurrency helping them learn about the new technology.
Business owners acknowledge the role of cryptocurrency in the metaverse or new-age internet. Metaverse marketing involves more agile, versatile, scalable, and interactive campaigns. Hence, many companies seek the services of a trusted blockchain marketing agency and any other similar services to help them market their products and services using cryptocurrency.
Incorporating cryptocurrency payments are also gaining popularity. Many companies open their doors to accepting this payment method, revolutionizing payment processing for social commerce, e-commerce, and other business transactions.
Crypto payments pave the way for budding crypto payment providers. Existing giant payment providers are fuelling their investments on exploring the best features and technology for launching their cryptocurrency fintech solution.
How will social media users use cryptocurrency? Consumers look forward to opening their crypto or bitcoin accounts and wallets. With Facebook’s plan to integrate cryptocurrency into the platform, online shoppers can use their crypto wallets to shop via social commerce hassle-free.
Zuckerberg’s decision to jump into a whole new technology seems a decision impacted by cryptocurrency decentralized attribute. As per Zuckerberg’s believe (that many of us believe too) the technology is one of the most innovative owing to its decentralized element.
Because of cryptocurrency’s decentralized element, businesses receive more opportunities without worrying too much about security. Cryptocurrency has been widely accepted and acknowledged because of its highly secure feature—the complex mathematical problems miners face when mining coins to generate cryptocurrencies.
Also Read: How Bitcoin work ? Explained in detail
The Facebook CEO’s post offers an insight of getting into deep research into an innovative technology to understand crypto, and about the benefits associated, the risk involved and lack of control that may become a disadvantage of trading in cryptocurrency. Additionally, companies have already started trading in the currency making it one of the most trending elements for companies across the globe providing huge trading benefits to the organizations.
