Friday, August 8, 2025

Zuck Bucks? Meta Looks At Creating Metaverse Virtual Currency

It seems there’s no stopping Meta Platforms (Nasdaq: FB) CEO Mark Zuckerberg from launching his own currency. After what many consider the fall of his cryptocurrency project Diem Association, the tech giant is reportedly working on a decentralized currency for the metaverse.

Internally, company employees are calling it “Zuck bucks”.

In a Financial Times article, Meta Financial Technologies — Facebook’s financial arm — is said to have been exploring a virtual currency to exist within the metaverse. Unlikely to be crypto-based, the digital financial system would likely be patterned after in-app tokens similar to what’s being used in popular gaming apps.

According to internal communications, Meta plans to initiate this with “social tokens” to reward valuable contributions by platform users, as well as “creator tokens” for high-clout users, similar to what YouTube and TikTok have on their respective platforms.

In Zuckerberg’s quest to make a fake currency a reality, is the third time the charm? Diem itself rose from the fall of its predecessor Libra, the cryptocurrency effort aimed to introduce stable digital currencies. However, the announcement faced scrutiny from regulators and legislators, ending up with Zuckerberg being called to testify in a US Congress hearing.

Currently, Facebook has Pay, a digital wallet for user-to-user transactions while Whatsapp has its crypto wallet Novi, on which the platform has piloted transferring stablecoin Pax Dollars through chat messages.

Zuck bucks is also not a new term. It has been used by critics of Zuckerberg related to the funds invested by the Meta CEO into non-government organizations that allegedly influenced the results of the 2020 US elections.


Information for this briefing was found via Financial Times. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Nova Scotia Bans Forest Access to Prevent Wildfires

Cardiol Therapeutics Releases Positive Topline Results From Phase II Clinical Trial

Related News

Meta Makes It Back On Top 10 List Of Most Valuable Companies, But…

It’s a good news/bad news situation. Good news: Meta Platforms, Inc (NASDAQ: META) is back...

Monday, August 1, 2022, 03:12:00 PM

Meta Cuts Down Hiring To Brace For “One Of The Worst Downturns In Recent History”

Meta Platforms (Nasdaq: META) is slashing down 30% of its hiring plans this year, according...

Friday, July 1, 2022, 11:58:00 AM

Facebook To Spend Over $50 Billion On Buybacks After Cutting 13% Of Staff

Meta Platforms (NASDAQ: META), the parent of Facebook, this week indicated that it will be...

Thursday, February 2, 2023, 01:23:52 PM

Meta Platforms: BMO Reiterates Market Perform Rating, Lowers Target To $222

Last week Meta Platforms (NASDAQ: FB) reported its first-quarter financial results. The company saw its...

Sunday, May 1, 2022, 01:08:00 PM

Activist Investor To Meta: “Limit The Metaverse”

“Time to get fit”–this is how the chief of one of Meta Platforms Inc (Nasdaq:...

Monday, October 24, 2022, 12:38:00 PM