As per the recent news Facebook job board, the corporation is looking out for many different experts spanning from business product and business operations executives to software engineers and even an expertise communications director in the space. Previously it has even made a stablecoin for WhatsApp users. The cryptocurrency will reportedly be used for money transfers made within the messaging app and will emphasis mainly on the Indian market added to the presence on the market blockchain-related positions at Facebook, the company’s official LinkedIn page additionally reveals that there’s an edge for a Technical Program Manager, Marketplace Payments, Blockchain specialist.
According to LinkedIn, this “small” cluster has full-grown considerably, as their area unit presently 50 staff with their business profiles stating they’re occupied on the company’s blockchain arm.
On Jan. 4, Mark Zuckerberg embarked on his personal challenge for 2018: to mend Facebook. whereas this year brought even additional issues for the social media large — Zuckerberg’s perspiring testimony on information privacy before the U.S Congress being a primary example — the Facebook business executive appeared optimistic concerning the company’s future at the beginning of 2018. apparently, he cited cryptography and cryptocurrencies as potential ways in which to empower users in his Facebook post:
“There are important counter-trends to this – like encryption and cryptocurrency – that take power from centralized systems and put it back into people’s hands. […] I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.”
Facebook’s move looked as if it would coincide with the U.S. Securities and Exchange Commission’s (SEC) public announcement relating to crypto-related investments and ICOs, that was revealed earlier in December 2017. therein statement, SEC Chairman Jay Clayton urged that there’s a growing trend for “fraud and manipulation” within the cryptocurrency and ICO markets thanks to their rising quality.
Importantly, by rolling out its crypto ad ban, Facebook had set a precedent for alternative massive technical school corporations, as Google and Twitter eventually followed suit. There was a shorter-term result, too: The Facebook blanket ban was followed by an outsized Bitcoin (BTC) worth drop because it went from $11,200 to $8,800 over the few days once the choice was proclaimed.
Now, with the social media large ramping up its blockchain effort, don’t be stunned if Facebook serves up a ‘Facecoin’ within the close to future.