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tip of the team was to explore the best techniques to leverage blockchain technology with social network dot like many other companies Facebook is exploring ways to leverage the power of blockchain technology a spokesman revealed dot Facebook to create its own cryptocurrency last year the meteor giant was also delving into the possibility of creating its own digital currency for payments but this is the first signal that the company could incorporate blockchain as part of its login and data sharing system dot an and I interview Zuckerberg revealed confirmation was her use of the technology that is greatly interested in even though he hasn’t discovered the best way for this to operate the suggested system would substitute Facebook Connect with distributed ledger technology dr. system will enable users to select which apps to give access to and also set the limit of data shared various third party services are already designing similar systems to safeguard individuals personal information but Facebook joining the bandwagon would be a substantial change in the field dot Zuckerberg further explained dot you basically take your information you store it on some decentralized system and you have the choice hide whether to log in and in different places and you’re not going through an intermediary there’s a lot of things that I think would be quite attractive about that dot in December Facebook began a struggle of hunting blockchain technology specialists to work on its new project as reported by canoodle there has been much hype on the growing of startups and initial coin offerings established monthly and this triggers the meteor giant to join the trend if you enjoy this type of content please click the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon [Applause] you [Applause] we spoke become the biggest name in crypto you could call facebook a technological pioneer their model for the social network has truly changed the world the next step in Facebook’s progression will see the man to the blockchain industry with rumors suggesting that one day Facebook wants to use crypto based currencies to become the biggest central bank in the world Facebook have designed a platform that is used by millions of people on an hourly basis it’s so engrained in our lifestyles that Facebook exists across our devices our telephones or televisions our computers and what next our cryptocurrency wallets the big question for the majority of the crypto community is how will Facebook actually go on to integrate themselves as a part of the cryptocurrency community will they design a wallet to allow their users to store cryptocurrency will they design their own cryptocurrency will they adopt Bitcoin or will it be something else perhaps a Facebook LED remittance payments system if you haven’t got the idea yet the possibilities are truly endless when it comes to Facebook’s role within cryptocurrency because they have the technology and most importantly the financial backing to do whatever they want they can launch new crypto products in an instant realistically the really important thing to consider something that is bigger than Facebook’s financial strength it’s their adoption their user base and the sheer number of people that use their platform during the last quarter of 2018 Facebook recorded over two point three two billion monthly active users yes that’s active users so this doesn’t include Facebook users that have accounts but don’t use the platform on a regular basis now imagine the scale of a cryptocurrency project that is used by 2.3 to billion users per month a Facebook lad central bank according to a new blog post by Lance then Facebook could plan to become one of the biggest central banks in the world

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