What's Hot

    New bill passed

    June 30, 2022

    Ripple (XRP): Launch of the CBDC Innovate Challenge

    June 30, 2022

    a very unprofitable cryptocurrency

    June 30, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    THECRYPTNEWS
    • Home
    • News
    • Guides
    • NFT
    • Analysis
    THECRYPTNEWS
    Home » Facebook steps up blockchain efforts
    Guides

    Facebook steps up blockchain efforts

    AdminBy AdminDecember 22, 2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Facebook is digging into the blockchain. After the creation of a dedicated division last May, Mark Zuckerberg’s firm hired 40 former PayPal employees to work on the subject. The FaceCoin could well be in the boxes of the group.

    Facebook wants to position itself in the field of blockchain. This is why the group has hired no less than 40 former PayPal members to work on the subject.

    A Facebook crypto is emerging

    The number one in social networks is thus stepping up its efforts to enter the world of cryptography and blockchain technologies in order to develop a possible new economic model.

    According to a report from Cheddar, Facebook has quietly but resolutely focused on research and development related to blockchain technologies and is considering creating its own cryptocurrency.

    Facebook created its blockchain division last May, appointing David Marcus as its head.

    Prior to serving as Vice President of Facebook Messenger, he was President of PayPal and a member of the Board of Directors of Coinbase.

    A crypto to serve a new business model

    This testifies to Facebook’s ambitions in the field of blockchain and cryptocurrencies.

    The hiring of new ex-PayPal executives, who have joined Facebook’s blockchain division, only reinforces the idea that the group is on the verge of releasing a blockchain-backed service. It could be a question of a payment platform.

    This is because Facebook could create a cryptocurrency wallet with its own token that users would use to pay for purchases with partner companies or discovered through Facebook ads.

    PayPal has also taken to the blockchain by storm, launching an internal employee incentive program.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Ukraine: crypto-assets still support the war effort

    June 27, 2022

    ABF: the promise of a national blockchain at VivaTech

    June 17, 2022

    NFT Cloud: what we know about the Salesforce initiative

    June 13, 2022

    “Smart contract”: development security to be reviewed?

    April 29, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • New bill passed
    • Ripple (XRP): Launch of the CBDC Innovate Challenge
    • a very unprofitable cryptocurrency
    • Elrond (EGLD) creates an NFT platform for Romania
    • Warren Buffet: His bank Nubank becomes conducive to cryptocurrency trading

    Recent Comments

    No comments to show.

    Subscribe to Updates

    Get the latest sports news from THECRYPTNEWS.

    Advertisement

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021

    Categories

    • Analysis
    • Guides
    • News
    • NFT

    The leader in news and information on cryptocurrency, digital assets and the future of money, THECRYPTNEWS is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube WhatsApp Reddit
    Top Insights

    New bill passed

    June 30, 2022

    Ripple (XRP): Launch of the CBDC Innovate Challenge

    June 30, 2022

    a very unprofitable cryptocurrency

    June 30, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from THECRYPTNEWS

    Facebook Twitter Instagram Pinterest
    • Home
    Copyright © 2021 Thecryptnews.com

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    DMCA - Terms and Conditions - Privacy Policy