Facebook also wants to send money, social giants prepare for the cryptocurrency field

The report said that Facebook is expected to outline the plan in more detail this summer, and founder Mark Zuckerberg met with Mr. Carney last month to discuss the opportunities and risks of launching cryptocurrencies. At the same time, Facebook also sought advice from US Treasury officials on operational and regulatory issues. In addition, the company is negotiating with remittance companies, including Western Union, because it is looking for a cheaper, faster way for people without a bank account to send and receive money.

In fact, as early as March this year, the New York Times reported on Facebook’s secret research on cryptocurrencies. Five people familiar with Facebook's WhatsApp say the company is developing a digital coin that can be instantly sent to friends and family. Due to the confidentiality agreement, the five insiders requested anonymity.

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Four of them who understand the negotiations said that the Facebook project has been going on for a long time, and the social networking giant has negotiated with the cryptocurrency exchange to sell Facebook digital coins to consumers.

However, Facebook's desire for cryptocurrency is not limited to WhatsApp. Although Facebook employees are working on confidentiality plans, many project members have already changed their positions on LinkedIn, from which we can glimpse Facebook's ambitions in the field of cryptocurrency. .

Like Evan Cheng, he was one of the first members of the Facebook blockchain core team (actually the cryptocurrency team), and he was also a consultant to Chainlink and Zilliqa.

There are also some people in the Facebook blockchain team who are collectively transferred from Instagram, such as the following three: Hui Ding, Fei Wang, Kevin Weil. They are familiar with Instagram's architecture, and perhaps the next one after WhatsApp is the super-hot Instagram.

In addition, Aanchal, head of the security department responsible for Facebook's system (including Facebook, Messenger, Instagram, Oculus, WhatsApp, Internet.org, Workplace, etc.), is directly responsible for the blockchain team security department.

Facebook also dug David Dill, a well-known computer science professor who has worked at Stanford University for 31 years, and is the chief researcher of the blockchain team. In January, Facebook also digged Ebay's global brand director Neeraj, responsible for the Facebook blockchain. Global brand strategy.

Of course, the social world is more than just Facebook researching digital currencies. With approximately 300 million users worldwide, Telegram is also developing a digital currency; Signal is an encrypted messaging service that is popular among technologists and privacy advocates; so is Kakao, the largest instant messaging application in Korea and Japan.

According to The Block, Telegram sent an internal mail to investors, saying that the blockchain network Telegram Open Network (TON) will be released in the third quarter of this year. According to sources, the test shows that the TON virtual machine and the Byzantine consensus algorithm can achieve the goals listed in the white paper.

Previously, the Telegram team has been negotiating with some Asian virtual currency exchanges, and the TON network's native token GRAM is likely to choose to trade on the coins, coins and OKEx. In February of this year, the Telegram team said that the development of the TON network has been completed 90%; Telegram has raised $1.7 billion for the Telegram Open Network through private placements, including Benchmark, Sequoia and KPCB.

As early as May 10, 2018, digital currency portfolio tracking software Blockfolio released Signal. It is reported that Signal will allow the blockchain project team to directly talk to users, eliminate false news and other irrelevant input, and provide a new, clean and more professional platform to better serve the communication needs of the encryption field.

Ground X, the blockchain division of South Korean Internet giant Kakao Corp, announced that its blockchain platform Klaytn's main network was released on June 27. Kakao has a 96% market share in Korea and has a presence in messaging, gaming, content services, financial services and mobile services. Kakao announced plans to launch a blockchain platform in March last year and released Klaytn's testnet version in October. The platform focuses on distributed applications (DApps). As of October last year, developers are working with about 10 national and international partners to test new ecosystems. Kakao said it plans to release an integrated encryption wallet in its messaging app KakaoTalk after the Klaytn main network is released.

The social giants are preparing for the cryptocurrency field. The purpose is to re-focus on the future. Once the policy is released, it will quickly monopolize the market in this blue ocean. The cryptocurrency is destined not to consider the problem from a single national level, but to stand on the global The layout of the market, the future, and the verification of time, but there is no doubt that the cryptocurrency will usher in the development of spurt in recent years, let us wait and see! (Ledao blockchain)

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