Facebook has changed its stance of cryptocurrency and blockchain advertising one again, relaxing its firm control on companies within the space. This comes off the reports that the social media company may well soon be launching its own cryptocurrency.
crypto advertising with prior approval. Now, as the major tech company gets closer to its own cryptocurrency launch, there again has been a policy change.
Facebook has had a cryptic relationship with cryptocurrencies and blockchain since late 2017 with its head, Mark Zuckerberg, first teasing at his company's interest with the technology when he said he had made it his mission to learn more about the space. Now, over a year later, and a second policy change, it seems that the cautious Social Media company is slowly learning the ropes of this nascent ecosystem. No doubt that Facebook’s exploration of cryptocurrency, with an eye on launching a stablecoin, has helped, as well as theirFacebook remains committed to preventing misleading advertising on platforms, especially in the area of financial products and services.
While Visa and Mastercard are rumored to be in the crosshairs, it is also being reported that Facebook is courting e-commerce companies which could indicate the intended direction for this digital payments ecosystem. It could be that Facebook wants these e-commerce sites to not only invest in their digital coin but also perhaps join in as a partner.
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