Press "Enter" to skip to content

Facebook is hiring PayPal employees before its alleged FB Coin crypto launches

Bloomberg told on May 8 that social networking giant Facebook is hiring PayPal employees before its alleged crypto launches.

According to the publication of unknown sources. Facebook, which has given rumors about its planned entry in Blockchain and about one year’s payment, can start its token.

The company started working for a dedicated blockchain team under the auspices of David Marcus last year, which itself was former president of PayPal.

Now, about 20% of the team’s 50 members come from the payment platform, a situation reminds of the so-called “PayPal Mafia” working group of the 2000s.

It is known for its progress in the area of ​​the neo-e-payment, this group now includes famous entrepreneurs with a pencil for cryptocurrency – Elon Musk, Reid Hoffman and Peter Thiel.

As reported, Facebook’s cryptocurrency will start as a stablecoin dubbed FB Coin.

According to sources last week, the company is in talks with Visa and MasterCard around the enterprise, while it wants to invest $ 1 billion.

Another source told the media that Facebook had acquired the “Libra” trademark for the token, which would be assessed for the US dollar and there are many applications in it.

Facebook own sources have refused to comment on the developments themselves. Also they don’t announce any facebook coin launch date.

One Comment

Leave a Reply

Your email address will not be published. Required fields are marked *