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. What Are Hacking Tools
2. Hackrf Tools
3. Hacking Tools And Software
4. Pentest Tools Online
5. Hack App
6. Free Pentest Tools For Windows
7. Hack Tools 2019
8. Pentest Tools Linux
9. Hack Website Online Tool
10. Hacker Tools Github
11. Best Hacking Tools 2019
12. Pentest Tools Subdomain
13. Tools Used For Hacking
14. Hacker Tools For Windows
15. Hack Tools For Mac
16. Pentest Tools Github
17. Tools 4 Hack
18. Hack Tools 2019
19. Hacking Tools For Beginners
20. Hacking Tools 2020
21. Easy Hack Tools
22. Hacking Tools For Pc
23. Hacker Tools Apk
24. Pentest Reporting Tools
25. Best Pentesting Tools 2018
26. Hacker Tools Software
27. Pentest Tools List
28. Pentest Tools
29. Hacking Tools 2020
30. Hacking Tools Name
31. Hack Tools For Windows
32. Pentest Tools Framework
33. Pentest Reporting Tools
34. Hack Tools
35. Hacker Tool Kit
36. Hacker Tools 2019
37. What Are Hacking Tools
38. Hacker Techniques Tools And Incident Handling
39. Pentest Tools Download
40. Easy Hack Tools
41. Hacker Tools Free Download
42. Hacker Tools For Windows
43. Hackrf Tools
44. Hacking Tools Github
45. Pentest Tools Download
46. Hacker Tools
47. Pentest Tools Linux
48. Pentest Tools Framework
49. Hacker Tools Software
50. Hacking Tools Download
51. Hack Tool Apk No Root
52. Underground Hacker Sites
53. What Are Hacking Tools
54. Hack Tools For Ubuntu
55. Pentest Reporting Tools
56. Hack Tools For Pc
57. Pentest Tools List
58. Pentest Tools Url Fuzzer
59. Hacking Tools And Software
60. Hacking Tools 2020
61. Hacking Tools For Pc
62. Pentest Tools Website
63. Hacker
64. Hacking Tools Download
65. Game Hacking
66. Hack Tools For Mac
67. Bluetooth Hacking Tools Kali
68. Pentest Tools Kali Linux
69. Hacker Tools List
70. Free Pentest Tools For Windows
71. Beginner Hacker Tools
72. Hacking Tools Online
73. Hacker Tools Linux
74. Pentest Tools Url Fuzzer
75. Hacking Tools
76. Pentest Recon Tools
77. Pentest Tools For Android
78. Pentest Tools Nmap
79. Hacking Tools For Kali Linux
80. Pentest Tools For Android
81. Hacker Search Tools
82. Hacking Tools For Beginners
83. Tools For Hacker
84. Hack Tools For Ubuntu
85. Pentest Tools Kali Linux
86. Hack Tools 2019
87. New Hack Tools
88. Hack Tools For Mac
89. Pentest Tools For Ubuntu
90. Easy Hack Tools
91. Hacking Tools 2019
92. Black Hat Hacker Tools
93. Game Hacking
94. Pentest Tools Find Subdomains