Facebook Plans To Launch Its Own Cryptocurrency

Facebook Plans To Launch Its Own Cryptocurrency

Facebook Plans To Launch Its Own Cryptocurrency

The social network giant, Facebook is going through a bad phase with lots of ups and down. The recent scandal with Cambridge Analytica has caused the world's largest social network giant Facebook to change its stance on user privacy and to be more transparent about its use of the data it collects.

Since then, some social networks based in Blockchain have been popularized, namely Sphere, Steemit, and Howdoo. However, recently, something unusual announcement is announced by the social network giant Facebook itself, in which Facebook stated that it is investing in a Blockchain-based solution development team, but, the purpose of the project is not yet known.

It was with a post on the Facebook page that David Marcus confirmed his departure from the Messenger team and the creation of a small group dedicated to finding solutions based on the potential of Blockchain technology for Facebook.

David Marcus has not given much detail on the work he will do with his new group, saying only that they will study Blockchain from scratch so that they can use this revolutionary technology for Facebook.

"I'm setting up a small group to explore how to leverage Blockchain across Facebook, starting from scratch," stated David Marcus.

Despite being connected to Facebook's Messenger since 2014, David Marcus is no novice in these financial issues related to money transfers. In addition to having introduced the possibility of P2P payments in Messenger itself, David Marcus was President of PayPal and CEO of Zong, a company dedicated to payments on mobile devices.

However, his experience in this segment does not allow us to conclude that Facebook will create or support a crypto coin, but, it also doesn't mean that it will launch or support any crypto coin of its own. Blockchain technology has become famous thanks to crypto-coins, especially Bitcoin, but its potential expands dramatically to other areas.

The potential of Blockchain goes from the crypto-coins to the creation of real ecosystems online, supported by the users of the network. Sharing and storing data is a legacy that Blockchain allows you to explore and maybe the fact that Facebook will use it in your favor.

The lead post in Messenger was then handed over to Stan Chudnovsky, who now heads one of the most widely used communication services around the world, alongside WhatsApp.

Rumors also point out that James Everingham and Kevin Weil, both from Instagram, will also join David Marcus in this new onslaught of Facebook to one of today's most acclaimed technologies.

Related links

1. Hacker Tools Software
2. Hacker Tools For Pc
3. Nsa Hack Tools Download
4. Best Pentesting Tools 2018
5. Easy Hack Tools
6. Blackhat Hacker Tools
7. Computer Hacker
8. Hack Tools Mac
9. Pentest Tools For Windows
10. How To Hack
11. New Hacker Tools
12. Hacking Tools For Windows 7
13. Hacking Tools Pc
14. Hacker Search Tools
15. Hackrf Tools
16. Pentest Tools For Windows
17. Best Pentesting Tools 2018
18. Tools For Hacker
19. Hacking Apps
20. Hacking Apps
21. Hack Tools Mac
22. Pentest Tools Kali Linux
23. Pentest Tools
24. Hacking Tools Online
25. Pentest Tools Nmap
26. Hacker Tools For Pc
27. Hack And Tools
28. Blackhat Hacker Tools
29. Hacker Tools 2019
30. Hacking Tools Pc
31. Hacking Tools
32. Pentest Tools Android
33. Hackrf Tools
34. Game Hacking
35. Hacking Tools Github
36. Pentest Tools Android
37. Hacker Tools Apk
38. Pentest Tools Online
39. Pentest Tools
40. Usb Pentest Tools
41. Computer Hacker
42. Hack Tools For Windows
43. Install Pentest Tools Ubuntu
44. Hack Tool Apk
45. Hacker Tools Software
46. Nsa Hack Tools Download
47. Hacking Tools 2019
48. Hacker Tools Online
49. Easy Hack Tools
50. What Are Hacking Tools
51. Hacking Tools
52. Pentest Tools Review
53. Hack Tools Mac
54. Hacker Hardware Tools
55. Hack And Tools
56. Pentest Tools Website Vulnerability
57. Hacking Tools
58. Hacker Tools
59. Hacking Tools Software
60. Hacking Tools For Pc
61. Hacking Tools For Kali Linux
62. How To Make Hacking Tools
63. Beginner Hacker Tools
64. Hacker
65. Pentest Tools Android
66. Hack Tool Apk
67. Growth Hacker Tools
68. Hacking Tools Pc
69. Nsa Hacker Tools
70. Blackhat Hacker Tools
71. Hacking Tools For Beginners
72. Top Pentest Tools
73. Pentest Reporting Tools
74. Hacker Techniques Tools And Incident Handling
75. Physical Pentest Tools
76. Hacks And Tools
77. Hacker Tools Mac
78. Hack Rom Tools
79. Hack Rom Tools
80. Pentest Tools Android
81. Hacking Tools Online
82. Kik Hack Tools