Facebook May Be Eying ‘FaceCoin’ as It Expands Its Blockchain Team
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Facebook May Be Eying ‘FaceCoin’ as It Expands Its Blockchain Team

THELOGICALINDIAN - Social media behemothic Facebook is attractive to aggrandize its blockchain aggregation Could FaceCoin chase JPMorgans afresh apparent JPM Coin as companies viefor the admired online payments market

Facebook’s Hiring: Blockchain Experts

According to Facebook’s official careers page, the amusing media behemothic is attractive to aggrandize its aggregation operating in the acreage of blockchain technologies.

As per the job board, the aggregation is hiring altered experts spanning from business artefact and business operations managers to software engineers and alike a technology communications administrator in the space.

Bitcoinist reported beforehand in February that the aggregation ‘acqui-hired’ a blockchain startup alleged Chainspace.

As ahead acclaimed by a agent from Facebook, the aggregation is exploring altered means to advantage blockchain technology.

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Are We Getting Closer to ‘Facecoin’?

In accession to the currently accessible blockchain-related positions at Facebook, the company’s official LinkedIn page additionally reveals that there’s a position for a Technical Program Manager, Marketplace Payments, Blockchain specialist.

While the position is no best accepting applications, this could add added weight to the report, which started circulating in backward 2018 that Facebook is alive on a stablecoin acceptance WhatsApp users to alteration money in-app.

As categorical by bearding sources accustomed with the matter, Facebook’s antecedent ambition will be the advantageous remittance bazaar in India as the authoritative mural there are starting to booty shape.

The company’s blockchain effort gained abundant drive aback in August 2018 back David Marcus, a above affiliate of Coinbase’s lath of admiral stepped into Facebook to spearhead a “new accumulation about blockchain”.

According to LinkedIn, this “small” accumulation has developed substantially, as there are currently 49 advisers with their business profiles advertence they’re active on the company’s blockchain arm.

The bigger adventure here, however, is that the floodgates accept been clearly opened by cyberbanking behemothic JPMorgan. Last week, it unveiled its ‘JPM Coin’ basic currency.

Now, with the amusing media behemothic ramping up its blockchain effort, don’t be afraid if Facebook serves up a ‘Facecoin’ in the abreast future.

What do you anticipate of Facebook’s captivation in the acreage of blockchain? Don’t alternate to let us apperceive in the comments below!

Images courtesy of Shutterstock