HAVE A VIDEO YOU WANT TO FEATURE ON OUR PAGE?

Submit Video

To make sure you never miss out on your favourite NEW stories, we're happy to send you some reminders

Click 'OK' then 'Allow' to enable notifications

Not now
OK
Advert

Meta Is Working On A Digital Currency With A Truly Cursed Name

Published 
| Last updated 

Meta Is Working On A Digital Currency With A Truly Cursed Name

Meta, the company that your mum still calls Facebook, is reportedly planning to introduce its own in-app digital currency. And while it doesn't yet have an official name, employees have taken to calling it "Zuck Bucks".

Advert

Excuse me while I roll my eyes so violently that they shoot out the back of my head.

Loading…

The Financial Times (via PC Gamer) reports that Meta, which owns Facebook and Instagram, is working on a number of financial initiatives that range from NFTs on Facebook to small business loans.

Advert

Zuck Bucks, a reference to Meta CEO Marck Zuckerberg/The Eye Of Sauron, is not a cryptocurrency that utlises the blockchain, however. Instead, it's said to be an in-app token not unlike the digital currency found in games like Roblox. Indeed, Robux is specifically mentioned in the FT's report.

Some of you may be able to remember Facebook Credits, the virtual cash that was used to buy virtual nothingness in games like Farmville. While Meta ultimately put an end to Facebook credits back in 2013, imagine Zuck Bucks working in a similar fashion.

Meta is also considering "social tokens", which would be given to to users who make "meaningful contributions to Facebook groups", whatever that means. Internal documents obtained by FT explain that the idea behind this is to encourage and empower Facebook communities to moderate themselves. In other words, Meta is attempting to incentivise us not to shitpost.

Advert

“We continuously consider new product innovations for people, businesses, and creators. As a company, we are focused on building for the metaverse, including what payments and financial services might look like," A Meta spokesperson told The Verge.

Featured Image Credit: Facebook Owner Meta Announces "Zuck Buck" Digital Currency

Topics: PC

Ewan Moore
More like this
Advert
Advert
Advert

Chosen for YouChosen for You

Xbox Game Pass

GeoBook 140X Review: A Sleek Laptop for Game Pass Players

a day ago

Most Read StoriesMost Read