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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Meta Virtual Money Moves Could Include 'Zuck Bucks'

Meta Mark Zuckerberg Facebook
Meta labs are working on tech innovations aimed at creating realistic virtual worlds in the metaverse. JUSTIN SULLIVAN GETTY IMAGES NORTH AMERICA/AFP/File

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 Wednesday.

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.

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