According to reports, Meta is exploring the idea of introducing a virtual currency that the company's customers can use. I think they heard we like capitalism.
According to the Financial Times, Meta is looking into introducing a central in-app currency system which will be shared across its various platforms. Meta is worried about the future of its finances due to the waning popularity of Facebook, and it is looking for ways to better engage users.
The nickname "Zuckbucks" was given to the initiative by internal employees in a reference to Meta CEO Mark Zuckerberg.
It is not clear how this system will work. It is likely that this virtual currency won't be connected to the blockchain. It is expected to be like the in-game currencies used in mobile games. It is possible to purchase such currencies with real money and use them to purchase perks and cosmetics in the game.
That is correct, Facebook could get microtransactions.
It could also not. Meta's currency may never be implemented, as it is still in planning. When Mashable reached out for comment, Meta declined to confirm or deny the development.
A Meta spokesman told Mashable that there were no updates to share today. We are focused on building for the metaverse and that includes what payments and financial services might look like.
Meta is considering adding features such as creator-specific coins and token issued to users for contributing to Facebook groups. It is possible that interacting on this platform for the sake of being social may be losing its shine.
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