A Staff Of Over 100 People Now Work On Facebook’s Crypto Project

by | Jun 8, 2019 | Cryptocurrency, Cryptocurrency News

Facebook | Facebook Coin | Staff | news

Social media giant Facebook has been keeping its cryptocurrency project a secret and obviously, the cryptocurrency ecosystem has been lapping over any news. A recent report by CNBC on June 6 claims that the project has now hired around 100 people. 

The report infers the said number through profiles on professional networking platform LinkedIn. Reportedly, the social media giant is not done hiring and as per its website listing over 40 openings are still available in the team’s business unit.

As per advertising on its career descriptions, Facebook’s new crypto project aims at providing a public service centered on accessibility:

“Our ultimate goal is to help billions of people with access to things they don’t have now — that could be things like healthcare, equitable financial services, or new ways to save or share information.”

Facebook’s blockchain-based project is currently lead by David Marcus, who until recently served on board of cryptocurrency exchange and wallet service Coinbase and previously worked as the president of PayPal.

Reportedly, Facebook developer Eric Nakagawa will be the “head of open source. Nakagawa’s impressive resume includes championing open source projects at PyTorch artificial intelligence (AI) software and he previously acted as founder and CEO of popular 2000s humor website, “I Can Has Cheezburger?”

Another set of news suggests that is reportedly planning to announce its secretive cryptocurrency project this month, at which point the employees will be allowed to take part of their salary in the platform’s native cryptocurrency. Further, it was noted that the platform may relinquish control of its cryptocurrency governance to third parties, in order to provide a degree of decentralization. 

Read more: PICANTE TECH Conference Europe announces the provisional agenda and first batch of confirmed speakers

Image source – Stock Photo Secrets

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