Rumours of Facebook testing Bitcoin payments on advertising platform

Last updated on August 28th, 2016 at 07:38 pm



The giant Facebook might be weaving its first Bitcoin connection. The world’s biggest social network is apparently testing cryptocurrency payments on its advertising platform, at least according to an image published this Sunday (5) by the site

The information is yet to be confirmed or denied by official sources. The picture was reportedly sent to the website by a Facebook employee from Amsterdam, in the Netherlands, who is participating in the experiment.

facebook-ads-payment (1)

The image shows a Facebook payment window for advertisers with a Bitcoin option in the fourth place, after credit cards, PayPal and the network’s add coupons. claims its Dutch source said this test is happening in several locations around the world.


Chamath Palihapitiya

In case you are not familiar with this service, Facebook advertising can be used to boost the number of views and ‘likes’ in your pages and posts. Actually, this platform, used by millions of businesses and individuals on a daily basis, is the network’s main source of revenue and might now be getting a Bitcoin payment option. If the testing is confirmed, it will all probably depend on the results of this experiment.

Back in April 2013, the former Facebook executive Chamath Palihapitiya praised Bitcoin during a TechCrunch event. Besides admitting to owning some cryptocurrency, Palihapitiya called it “a huge deal” and “gold 2.0”.

Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.
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Nikolay Kolev
Nikolay Kolev

This is obviously a fake – a desperate attempt for market manipulation.