Several researchers from
Chainspace, a London startup focused on scalable blockchain solutions, have moved to Facebook, as first reported by
Cheddar. The startup’s website says the “team is moving on to something new.”
Last May Facebook set up a blockchain group led by David Marcus who was president at Paypal before heading up Facebook Messenger for four years. Facebook is also expanding its blockchain business team.
The social network is being tight-lipped about its plans, although the team is ever expanding.
Bloomberg reported in December that the company is working on a U.S. Dollar stable coin to be used within the WhatsApp messaging app. The initial focus is on Indian remittances.
Another hire of note is Washington-based Lee Brenner who runs “Blockchain Public Policy” at Facebook. He joined in October from the
Global Blockchain Business Council where he headed up strategy. Brenner has spent most of his career “at the intersection of technology, public policy, and storytelling,” according to his LinkedIn profile.
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