Mark Zuckerberg Is Officially Considering Cryptocurrency for Facebook

New Year, New Facebook?
Mark Zuckerberg is not only the founder and CEO of Facebook, the largest and most popular social networking platform in the world, he’s also a regular user, frequently posting on his profile’s wall.
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These posts often include information about his present activities, such as his work with the Chan-Zuckerberg Initiative, a foundation he created with his wife, Priscilla Chan, or decisions to add new tools to the Facebook platform, but a recent post tackled a far more forward-looking topic: cryptocurrency.

In the post, Zuckerberg wrote that he challenges himself to learn something new each year, and a huge part of this learning challenge for 2018 seems focused on reexamining the role of technology to “give people the power.”

“I’m interested to go deeper and study the positive and negative aspects of these technologies…”
“[O]ne of the most interesting questions in technology right now is about centralization vs decentralization,” Zuckerberg wrote. “A lot of us got into technology because we believe it can be a decentralizing force that puts more power in people’s hands.”

The Facebook founder went on to lament how this potential seems to have been corrupted by some big tech firms and governments that instead use technology to monitor people. He said he views cryptocurrency and encryption as potential tools for countering this trend, giving people back the power that’s currently held by centralized systems.

“I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services,” wrote Zuckerberg.

Social Media and Cryptocurrency
The question now is this: Will we see a Facebook cryptocurrency in 2018?

A spokesperson from Facebook told Futurism they couldn’t say anything about this topic just yet. That, however, doesn’t mean it isn’t a possibility, and a cryptocurrency linked to a social networking site, especially one as powerful as Facebook, is certainly an interesting idea.

Yonatan Ben Shimon, CEO and founder of Matchpool , a company combining cryptocurrency with social activity, thinks the idea has its merits. He told Futurism that, at the very least, a Facebook cryptocurrency could be used to reward users that create content. He also said Zuckerberg would be wise to look to crypto experts before moving forward.

“If they take a step [toward this plan], it can be awesome,” said Shimon. “But in order to do it right, they have to be with a partner from the crypto space that understands how to build it in a decentralized way.”