Why there’s so much hype about Facebook and cryptocurrency

By Friday, January 5, 2018 0 Permalink 0

Facebook may soon begin exploring uses for cryptocurrency technology.

The company’s founder and CEO Mark Zuckerberg posted his annual personal memo on Thursday — mostly about being a better CEO — but one throwaway reference to cryptocurrency technology captured much of the media’s attention.

SEE ALSO: Ripple overtakes Ethereum as the second largest cryptocurrency

Writing about how the last year saw many people lose trust in social media and tech companies, Zuckerberg noted the growing importance of de-centralizing forces, like the rise of cryptocurrency.

He wrote:

Some people who read the memo were quick to jump to the conclusion that Zuckerberg was referring to Bitcoin. That inspired breathless headlines (many of which have since been changed) speculating about Zuckerberg’s desire to integrate Bitcoin into Facebook. Read more…

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Why there’s so much hype about Facebook and cryptocurrency

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