Facebook in a serious blockchain-related move

Facebook has for some time been rumored to pursue a serious blockchain strategy, plan to issue a stablecoin for bringing remittances to Whatsapp and so on. Now, we may have some evidence that the Internet giant may indeed be serious about the blockchain.

Cheddar reports that Facebook has hired the University College London-based team behind the startup Chainspace whose initial idea as formulated in the white paper was to improve blockchain transactions speed.

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