Facebook wants to collect a billion for development of the crypto project!

According to New York Times reporter Nathaniel Popper, Facebook is looking for investors for its cryptocurrency venture, with funds in the region of $ 1 billion. Your own currency should be called “Stablecoin” for , which among other things also uses foreign currencies such as the euro or the swiss franc as collateral.

Facebook is already working since the beginning of last year on a secret project about its actual goal so far only can be speculated. However, the fact is that the company is driving forward the development and expansion of the blockchain department . In total, there are currently more than 30 people working in this area, headed by former PayPal President David Marcus, who will be the technical director of the project.

However, according to the official public figures, Facebook has enough of its own liquid funds to drive development from its own hands. Popper now speculates that the use of external investors leads to greater independence of the project outside of Facebook and thus more closely corresponds to the basic idea of ​​decentralization.

Popper states that it is interesting and unusual to say that Facebook, one of the richest companies in the world, wants to raise money. Facebook’s latest public funding round dates back to 2011, when Facebook raised $ 1.5 billion from some industry heavyweights such as Goldman Sachs Investment Partners and DST Global. Facebook has more than 2 billion active users worldwide, so introducing a digital currency could have a major impact on society and payment processing. At the present time, however, there is still no official position on the part of the Group.

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Categories: Crypto Currency

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