Since 2018 Facebook has been covertly working on a cryptocurrency project and building a blockchain division within the company. The company has been tight-lipped about the purpose and progress of the coin, but Facebook has so far hired at least 30 people to the division with David Marcus—former head of Messenger, and the previous president of PayPal—leading the division as “Director of Engineering, Blockchain.”
Sources Say Facebook Raising $1 Billion
On Apr. 8, Nathaniel Popper posted a series of tweets with new information gathered from “sources” on Facebook’s blockchain project.
Read More.. Source Crypto Slate