• bitcoin

    Bitcoin (BTC)

    $ 3,997.58 0.18%
  • ethereum

    Ethereum (ETH)

    $ 136.84 0.45%
  • ripple

    XRP (XRP)

    $ 0.310782 0.04%
  • stellar

    Stellar (XLM)

    $ 0.107687 0.20%
  • eos

    EOS (EOS)

    $ 3.65 0.82%

Maps

Mapping out the team behind Facebook’s blockchain efforts

Quick Take

  • Facebook’s blockchain efforts were publicly revealed in May 2018
  • Reports claim that the social media giant plans to develop a stablecoin backed by a basket of foreign currencies
  • Facebook’s blockchain team has grown to over 60 employees since its announcement

Facebook publicly announced that it had formed a new team dedicated to blockchain technology in May 2018, to be led by David Marcus, the former head of Facebook Messenger. This announcement kicked off a fresh news cycle with Bloomberg shortly after reporting that Facebook’s blockchain team has been developing a stablecoin for its Indian WhatsApp.