Facebook, which has courted rumors over its deliberate entry into blockchain and payments for round a yr, might launch its personal token as quickly as Q3 2019, nameless sources advised the publication.
The firm started hiring for a devoted blockchain crew final yr, below the auspices of David Marcus, himself a former president of PayPal.
Now, round 20% of the crew’s 50 members come from the funds platform, a state of affairs paying homage to the so-called “PayPal Mafia” govt group of the early 2000s.
As Cointelegraph reported, Facebook’s cryptocurrency debut will probably take the type of a stablecoin dubbed FB Coin.
Sources from Facebook itself have declined to touch upon the developments.