Report: Meta virtual money moves could include ‘Zuck Bucks’

Products being considered at Meta include digital tokens similar to those used for transactions in video games, with the Internet company’s version nicknamed ‘Zuck Bucks’ by those working on it, according to the Financial Times. — Reuters

SAN FRANCISCO: Facebook’s parent company Meta is exploring the potential of digital money referred to internally as “Zuck Bucks” in a play on the founder’s name, the Financial Times reported on April 6.

Meta abandoned its effort to create a global cryptocurrency – first called Libra but eventually re-branded as Diem – in the face of fierce backlash by financial regulators around the world.