According to Cheddar, it would be a way for the social network's billions of users to make electronic payments on the platform, as well as outside it.
As per sources concerned with the matter, the company is very serious about this project; it started about a year ago with a detailed study into blockchain.
That Facebook would form a team specifically dealing with blockchain is especially intriguing, and a clue the company is indeed interested in developing some form of cryptocurrency.
After the announcement made last week by Jan Koum, the Whatsapp co-founder, that he is exiting the company, Chris Daniel who was at the helm of a Facebook effort to expand internet access will head Whatsapp. The new group will be led by David Marcus, previously vice president of Facebook's Messenger Group.
Aylesbury student invited to Royal Wedding
The Madame Tussauds press office did not immediately respond to INSIDER's request for comment. Those who doted on the show's shaggy dog have no trouble remembering her even decades later.
21 bodies recovered after dam burst in Kenya
Lee Kinyanjui told KTN News that the water rushed out of the dam at an incredible speed, taking with it homes and people. There are fears of the toll rising further because "many people" are still unaccounted for, according to local leaders.
Earlier it was reported that Zuckerberg was thinking about using a cryptocurrency in the services of Facebook. While creating its own digital token would allow it to make a new cryptocurrency, Facebook has no intentions of trying to raise funds through an initial coin offering (ICO), sources claim.
Blockchain, the technology that underpins cryptocurrencies such as bitcoin, could have other business applications as a ledger for recording transactions, although Marcussaid Facebook was "starting from scratch".
According to him, the newly created "a small team will explore many different directions". "We don't have anything farther to share with you".
Facebook, the controversial social network, has already integrated payments and its Messenger platform. What would Facebook use the currency for?
The social network is also among online platforms that came under fire for being used to spread misinformation and foment division ahead of the United States presidential election in 2016. Blockchain technology could also be used to help Facebook verify the identity of accounts and encrypt data. In 2009, the company released Facebook Credits, which could be used to purchase virtual goods in popular games like Farmville.
But during her first New York Fashion Week , she says their disagreement happened because she "stole Hailey from Kylie ". She elaborated, "I could not check my phone for two minutes, and there are, like, 100 text messages".
Earlier Wednesday, the lawmakers, including a Shiite cleric, held the flaming flag alight as their colleagues joined their chants. The Trump administration argues that its rejection of the Iran deal sends a signal to North Korea - that it means business.
Australia turned up in style with Guy Sebastian (the Aussie equivalent of Bruno Mars) and finished, impressively, in fifth place. It is also unclear how the ban affects the planned Eurovision Asia Song Contest in which China is expected to participate.
The Prime Minister will be visiting Nepal on 11-12 May 2018 at the invitation of the Prime Minister of Nepal KP Sharma Oli. The Annapurna trekking route in Manang will be closed for three days to trekkers and tourists due to security reasons.
At 20 years and 218 days, he became the second youngest Indian batsman after Manish Pandey (in 2009) to score an IPL century. Rishabh Pant lit up the Delhi night-sky with some incredible hitting, but was clearly not enough to keep his team afloat.
Being allowed to come to Cannes while Panahi has been prohibited, Farhadi said, "is something I had difficulty living with". I am planning on squeezing in another one!", the singer okes as she poses in the back of a auto .
Nielsen issued a statement Thursday night, but it does not directly address the report or that she came close to resigning. The secretary added, "Border security is the most basic and necessary responsibility of a sovereign nation".
This year, the top two offensive powerhouses in the league are set to go head-to-head for Western supremacy on May 14. The Dubs realized the urgency to win a playoff series without Curry and ramped up their defensive intensity.
Ahead of his trip Mr Johnson said: 'On so numerous world's foreign policy challenges the United Kingdom and U.S. are in lockstep. It also shows that North Korea will have its own demands of the global community when Kim finally meets President Donald Trump .
Red Tide, Blue Glow Light Up San Diego Beaches
Stephen Bay, a Southern Californian based photographer, snagged a picture of the illuminating visual on Monday at Torrey Pines. HABs also include blooms of non-toxic species that have harmful effects on marine ecosystems.
Preds Viewing Party: Where To Watch Game 7
The Nashville Predators hope to stave off elimination at Bell MTS Place in Game 6 of the NHL's Western Conference Semifinals. Officials initially deemed that Arvidsson's stick was above the crossbar but overturned the call upon review.
Captured Isis aide forced to snare fellow leaders
An Iraqi rapid response forces member walks past a wall painted with the flag commonly used by ISIS, in Mosul, January 8, 2017. Ryan Dillon tweeted on Thursday that Iraq captured five key ISIS leaders as part of Operation Roundup.
Miranda Kerr welcomes her second child
Australian supermodel Miranda Kerr has given birth to a baby boy with husband Evan Spiegel , Snapchat CEO. The couple, who married a year ago , have welcomed their first child together, a baby boy called Hart .
Net Neutrality Rollback Set For June 11
That vote will attempt to use the Congressional Review Act (CRA ) to reverse the FCC's net neutrality repeal. In short, only net neutrality stands between us and a greatly diminished version of the internet.
God of War gets photo mode and bigger text
However, the God of War photo mode isn't the only thing that will be coming with the game's most recent patch, patch 1.20. You can also selectively toggle the visibility of all characters in the scene to highlight some and subdue others.