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Facebook may be interested in creating its own cryptocurrency

Facebook may be interested in creating its own cryptocurrency.

That’s according to a report on Friday by the online video news network Cheddar that cited unnamed sources.

A possible Facebook cryptocurrency would let the company’s users more easily buy goods from each other through the social network “without government currencies” the report said.

It’s unclear how exactly Facebook (FB, +0.47%) would use its own cryptocurrency, but a possible Bitcoin-like coin could let people more easily sell goods internationally through the company’s growing Marketplace online classified section.

This week, Facebook created a new team dedicated to blockchain, the technology that underpins popular cryptocurrencies like Bitcoin and Ethereum. The company moved the leader of its Messenger service, David Marcus, to the new blockchain unit that he will oversee.

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