Report: Facebook developing digital token for payments
Facebook's mobile app icon. Photo: Thomas Trutschel/Photothek via Getty Images
Facebook's new blockchain division, led by ex-Messenger chief (and Coinbase board member) David Marcus, is reportedly developing its own digital token to facilitate online payments for its users, according to Cheddar.
Why it matters: Blockchain tech and digital tokens are all the rage — it's no surprise a giant like Facebook would explore the technology and its potential advantages.