No coins: Facebook has denied rumors of developing their own cryptocurrency

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2018-08-15 19:15:05

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No coins: Facebook has denied rumors of developing their own cryptocurrency

Representatives of Facebook denied the information about creating your own cryptocurrency in partnership with Stellar. The technical Department of the company is not planning to fork the coin and not working on a new blockchain. About it writes .

the

As Facebook is associated with the crypt

Last week in the Internet appeared the insider information about the cooperation of Facebook and Stellar. From anonymous sources, there were rumors that the Facebook developer Messendger David Marcus is secretly working on its own cryptocurrency company.

Now, Facebook has completely denied this information.

We are not conducting any negotiations with Stellar and not develop a cryptocurrency on their blockchain.

Immediately after the news, Marcus refused the post on the Board of Directors Coinbase, not to create a conflict of interest between the companies.

As a member of the Department study the blockchain Facebook, I decided that it would be appropriate to give up his position in the Coinbase. I was very impressed with the talent and execution that the team of the exchange was demonstrated during my tenure. I wish them success in the future, they fully deserved it.

Recall guide Facebook has announced the appointment of Marcus, the head of the Department in March. After that, the Internet rumors that the company plans to create its own cryptocurrency. It is not excluded that on it Marcus and his team worked for five months. One thing is clear — the process of Stellar development is irrelevant.

We are still in the early stages of discussion of possible blockchain. While we can't share with the public.

Surprisingly, this news had almost no effect on Stellar. Cryptocurrency is relatively well kept in a bear market. This year the value of the coin in relation to Bitcoin remained at the January auction.

On other profitable projects can be found in our .

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