The tech giants are coming for the banks. If there’s one message to be taken out of Facebook’s aggressive push into blockchain-based payments via its new cryptocurrency, libra, it’s that Facebook is now also a FinTech company.
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As Facebook moves aggressively into crypto, challenges await
The social media giant is getting serious about its stablecoin, says CFTC Chair Giancarlo
Facebook has begun talking to U.S. regulators about getting approval for its forthcoming stablecoin cryptocurrency, said to be referred to as “GlobalCoin” at Facebook.
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Facebook gets super serious about blockchain
The $518 billion company reorganizes, makes major talent investment in blockchain technology
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…
