In May 11th, foreign media quoted insiders as saying that Facebook is now exploring the creation of its own encrypted currency, which Facebook hopes to allow billions of users to make electronic payments through their own encrypted currency.
Just about a year ago, Facebook began to explore block chain technology, when Morgan Beller (Morgan Beller), a member of the company development team, was responsible for applying the latest technology on the social media platform.
At that time, Beller was the only employee within Facebook to work on block chain technology research, and the block chain has become the basic technology behind encrypted currencies such as bitcoin and the ether workshop.
This week, Facebook announced the biggest restructuring in the company's history, and the vice president of Messenger applications, David Marcus, was responsible for leading a new team, dedicated to exploring how to make better use of block chain technology on Facebook's business, and this is a zero start. The door. This news made Facebook once again become the focus of attention.
In the team led by Marcus, a total of 12 staff were responsible for the research of block chain technology. Before joining the Facebook, Marcus was the president of PayPal, which has provided financial support for transactions between Facebook Messenger users.
At the same time, Marcus was also one of the earliest known investors in bitcoin, who joined the Coinbase board in December, a very popular platform for encrypt money trading.
Earlier this week, Recode announced for the first time that Facebook had specialized in creating block chain departments.
Facebook executives often discuss with their employees about the future development of the company, and have made plans for the next 10 years in a public speech. But people familiar with the matter revealed that the roadmap does not contain block chain related plans, and Facebook executives have been keeping the message in the field of encrypted money in a bottle.
While Facebook announced the restructuring, the chief executive, Mark Zuckerberg (Mark Zuckerberg), announced the plan to set up the block chain department, but did not disclose the specific task of the new team.
It is reported that Facebook's work objectives in block chain and encrypted currency may take years to see results. People familiar with the matter said that Facebook does not have the so-called ICO plan, which is the initial purchase of funds by providing a limited number of virtual tokens to allow the public to buy at a fixed price.
People familiar with the matter say that Facebook may need strategic acquisitions in block chains and encrypted currencies to speed up its development of encrypted currencies. At the same time, block chaining technology can also help Facebook verify account identity and improve the security of encrypted data.
In fact, Facebook has tried virtual currency before. In 2009, Facebook released Facebook Credits, which can be used to purchase virtual products in popular games such as Farmville. But this function has not attracted much attention, and Facebook has shut down two years later.
At a meeting in February this year, Marcus said that Facebook did not plan to integrate the encrypted currency into its own application in the short term.