TL;DR: Facebook isn’t merely developing a coin. What’s happening appears to be a massive shift in the social media giant’s entire business and crypto is merely a part of the bigger picture.
Facebook gets super serious about blockchain
David Marcus, the man who ran Facebook Messenger, has been reassigned to run the tech behemoth’s blockchain initiative. Mark Zuckerberg wasn’t kidding when he said back in January about blockchain technology, “I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.” Well, O.K., he’s probably not going deeper and studying anything but Zuck sure seems to be throwing some of his best people on to it. And Marcus seems to be the right fit for the job. Besides being on the board of directors of Coinbase, he was also a former president of PayPal. He announced…
