Flexa a payment wallet system running of Winklevoss-backed Gemini cryptocurrency exchange is participating in a demo retail store featuring the latest technological innovation. The store was created by top management firm McKinsey.
Facebook is said to be seeking support from external investors to raise $1 billion to develop its cryptocurrency project.
According to the recent forecast provided by Deutsche Bank, a social media company Facebook is going to make an enormous revenue of $10 billion each year by 2021.
Apart from launching the cryptocurrency, VK developers are reportedly considering introducing a tipping service to let users send the tokens to the authors of posts that they like. The final decision on the project has not been yet made.