Facebook: an investment in the Stellar?

Facebook reportedly organized meetings to effectively explore the use of Blockchain technology and virtual currencies, most notably Stellar (XLM).

An interest in the Stellar network

The social media giant is said to be in talks with digital currency companies to discuss the potential of Blockchain.

"Over the past few months, the Facebook team dedicated to the Blockchain, headed by former PayPal CEO David Marcus, met the open-source payment technology company Stellar about some of these opportunities. Although the talks are still in their infancy, they could highlight Facebook's ambitions to get into finance and tackle the big banks. "

Nevertheless, social media claims to provide no support for the Stellar . Meetings with technology leaders are a routine for society. It would be a trivial survey to stay at the forefront of new trends.

In direct competition with large companies

After announcing the launch of its new Blockchain team last May , Facebook has provided clues to its future projects in the industry.

A source close to Facebook said that "the company is making a long-term bet on the Blockchain that will likely resemble its investments in artificial intelligence. Rather than targeting a specific vertical, such as payments, the group dedicated to Facebook's Blockchain would provide a base from which the company will be able to target a range of opportunities. "

A recent job posting on Facebook reflects this notion, saying the Blockchain Group "is a startup within Facebook, with the vision of making Blockchain work across Facebook and improving the lives of billions of people around the world. " Facebook would like to compete with the SWIFT payment network, according to a Stellar insider who spoke to Business Insider. The transactions will be done through distributed register technology.

"They would steal the carpet under the banks," said the anonymous source. "They can add a bank so quickly that it could build a social network. "

Do you think the rumors that Facebook is trying to develop a decentralized solution are true? Would social media turn to Stellar? Comment in the comments section below.

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with SteemPress : https://infos.link/facebook-an-investment-in-the-stellar/

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