Facebook's own Cryptocurrency

Facebook plans to launch its own Cryptocurrency

We all know that the social networking giant that the Facebook exceeds the dangers posed to a bad situation. Now, according to the latest report, Facebook is planning to start investing in blockchain over Facebook and launching its own encryption.

Since then, some social networks based on Blockchain are popular, such as sphere, steamit and hoardo. However, the recent social network's biggest Facebook announcement has been announced, which Facebook claims to invest in Blackhane based solution development group, but the purpose of the project is not yet known.

This was a post of the Facebook page, which confirmed that David Marcus was leaving the Mexican team and created a small group dedicated to finding solutions based on Blockchain technology for Facebook.

David Marcus did not describe much of his work with his new group, claiming that they could read Blockchain and 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.

Although Facebook has been linked to the messenger since 2014, David Marcus has no financial problems regarding money transfers. In addition to introduction of P2P payments in the embassy, ​​David Marcus, CEO of PayPal, is also the CEO of Zank, who is committed to paying for mobile devices.

However, his experience in this section does not allow Facebook to decide whether or not to support a cryptocurrency, but it does not necessarily mean launching or supporting any crypto currency. Blockchain technology especially thanks to crypto-coins, Bitcoin's popularity, but its potential expands dramatically in other areas.

With the support of network users, it is possible to make Blockchain possible through real ecosystems online, from crypto-coins. Blockchain with shared and storing data is a legacy that allows you to explore and let the fact that Facebook can use it in your favor.

The embassy was handed over to Stan Chudnovsky after leading post, now one of the widely used communications services around the world,alongside WhatsApp.

Rumours 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.