CNET también está disponible en español. Earlier rumors indicated the social media giant was researching blockchain.

Now it looks like that’s for a payment system. Facebook may be looking to create its own cryptocurrency.

The social network is “very serious” about the possibility of building its own digital currency for secure online payments, a person familiar with Facebook’s plans told news site Cheddar. This follows reports from earlier this week that the company formed a blockchain team to research applications for the technology.

In response to a request for comment, Facebook said it’s looking into several applications for blockchain technology but didn’t offer specifics. “Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology,” said a Facebook representative in an emailed statement.

“This new small team will be exploring many different applications. We don’t have anything further to share.” Read more from…

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