Facebook betting on blockchain?


Posted by on May 9, 2018  /  0 Comments

Is this a sign that Facebook is moving into transactions and payments in an even bigger way?

Under Facebook’s new emerging technologies group, Mr. Zuckerberg has also created a new team focused on blockchain, a digital ledger that underpins virtual currencies like Bitcoin. The group will be led by David Marcus, who had been overseeing Facebook Messenger, with the mandate of examining how Facebook can incorporate blockchain.
Over the last six months, three people who have had conversations with Mr. Zuckerberg said he wanted Facebook to aggressively pursue applications for blockchain across the company. Facebook employees have discussed whether blockchain could be used to secure transactions between people.

Report.


Comments are closed