According to a statement by Facebook Vice President David Marcus, there is a high probability that the platform will not introduce the possibility of cryptocurrency payments. What confuses Facebook representatives most is the high cost of transactions and the low speed of their transfer.
As Marcus noted in an interview with CNBC, this was the main reason for the failure to implement this technology into the system in the near future. Despite this, it is possible that the company will still return to considering the idea of cryptocurrency payments in the future. This will only happen if blockchain developers can eliminate the problems that prevent this from happening now.
Not long ago, Facebook published a whole set of new rules that prohibits any advertising of cryptocurrency and ISO.
The advertising policy was tightened in order to protect the community. As Marcus explained, there were a huge number of fraudulent ISOs in the Facebook ecosystem.
The vice president also noted that the community will return to review this issue in the future and allow advertising if the industry is self-regulated and all problems are corrected.
Subscribe to our news in Telegram
You May Also Like
Turkish police arrest suspects in attacks on Bitcoin wallets
The Turkish National Police's anti-cybercrime department has detained eleven people suspected of stealing bitcoins worth more than $80,000, local media reported.
BlockchainUA is coming!
For several years now, the strongest community in the field of blockchain and decentralized technologies has been getting together to share experiences and exchange ideas for the development of the industry. International experts will fly from different parts of the world to perform on September 14 in Kyiv on the BlockchainUA stage.
