FB to Explore Blockchain Technology
Main page News, Facebook, Blockchain

David Marcus, the former head of Facebook Messenger, is setting up a small internal team dedicated to exploring blockchain.

The executive announced the move in a Facebook post on Tuesday.

According to sources familiar with the matter, Instagram’s VP of Engineering, James Everingham, and Instagram’s VP of Product, Kevin Weil, are also joining Marcus's team. Marcus is the former CEO of PayPal, and has been serving on the board of Coinbase, a major cryptocurrency exchange, since December last year.

The move builds on an earlier pledge by Facebook CEO Mark Zuckerberg to “go deeper and study the positive and negative aspects” of controversial technologies.

Facebook is the biggest social network in the world with a market capitalization of more than $513 billion.

By Nadya Astam

Read also:

Хотите узнать больше о гражданстве за инвестиции? Оставьте свой адрес, и мы пришлем вам подробный гайд

Please describe the error
Close
Close
Thank you for registration
Like us on Facebook to help us make even more interesting materials for free.