Nuked Meta may have given up on its diem cryptocurrency, but the company is still exploring finance products. The parent company of Facebook and Instagram reportedly has a few irons in the fire.
Zuck bucks, apparently named for meta, founder, chairman, and CEO Mark Zuckerberg, are’unlikely’ to be a cryptocurrency. Meta could try to emulate some of that success on its own platforms.
The FT previously reported on some of meta’s plans for Facebook and Instagram in January, and Zuckerberg announced in March that nfts would be coming to Instagram.
Meta is exploring’social tokens’ or’reputation tokens’. The company is also looking into financial services like small business loans.
‘we have no updates to share today,’ meta spokesperson Lauren Dickson said.’as a company, we are focused on building for the metaverse,’ she said.
