Rumors of Facebook Getting involved with cryptocurrency are nothing new,
but now fuel has been thrown onto the fire as the company has announced
that Even Cheng will be the first appointed Director of Engineering,
blockchain. Cheng previously acted as head of programming Languages &
Runtimes at the company since 2015 and before that worked as a Senior
Manager at Apple.
It's being reportedthat this announcement points to the fact that
Facebook does seem to be headed in the direction of some type of crypto
integration. In light of the recent decision to reverse the ban on ads
for cryptocurrency on its platform, it seems to be setting the stage for
a larger embrace of the technology. It has been rumored recently that
Facebook may be interested in purchasing Coinbase, through no official
comment has yet been given from either company.
To futher add relevance to this, in May Facebook tasked the head of its
Messenger division, David Marcus, to begin researching blockchain
applications for the company. Also recently, Kevin Weil has been
appointed to VP of Product, blockchain. These changes, taken
together make it clear that Facebook intends to be part of the future
of blockchain, at least in some capacity.
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