Nobody knows for sure, but there are some interesting facts starting to pile up as it pertains to the social media giant and financial services. It is a fact that Facebook is exploring various partnerships to create a financial ecosystem, launched the merchant platform to compete with classified ads, and is actively pursuing launching its own cryptocurrency.
Perhaps this is the biggest motivation of all – the fact that bans earn about $700 per user per year and Facebook earns less than $10 in revenue per year per user.
‘Project Libra’ is the code name for Facebook’s cryptocurrency project. More information is found here on that project.