Meta seems to be getting ready to try crypto, again

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Rumors and reports abound that Meta, the parent company of Facebook, Instagram, and WhatsApp, is planning to re-enter the crypto payments space after previous efforts were rebuffed via regulators. Any pivot or even planned pivot by a company that has access to over 3 billion users is worthy of attention, but especially given the past interactions that Meta (then operating as Facebook) had with the crypto payment space. Via the Libra project in 2019, the leadership at Facebook sought to develop a proprietary stablecoin that could be used as a payment option among connected users, and despite substantial efforts and outreach between 2019-2022 the project never came to…