Facebook’s move into cryptocurrency hints at its future in commerce

By Irina Ivanova
June 17, 2019 / 11:46 AM / MoneyWatch
Bitcoin entrepreneurs Tyler and Cameron Winklevoss.
Facebook is expected this week to announce details of its cryptocurrency project, which is seen as a huge vote of confidence in a technology that remains niche and poorly understood.
Creating its own payment system will help the company—which makes 99% of its revenue from ads—develop different profit streams.
Purchasing data would also add to Facebook’s ability to target users through ads or via other methods.