Facebook moves top exec to ‘explore’ blockchain technology – the foundation for cryptocurrencies

Facebook moves top exec to ‘explore’ blockchain technology – the foundation for cryptocurrencies
Image: LU Staff

[Ed. – Alex Heath at cheddar says this is a no-kidding move into cryptocurrency, citing anonymous sources at Facebook.  The bottom line is that it certainly could be.  As Recode says, David Marcus, who’s been working the Messenger app, came from Paypal.  This move definitely exudes the vibe that Zuckerberg is doubling down on ways to get people lifestyle-invested in Facebook.  Will it work?  “Take out citizenship in the Facebook Republic”?]

David Marcus, the Facebook executive who has, until this week, been running the company’s standalone messaging app, Messenger … is leaving … to take over a new internal team dedicated to exploring blockchain technology, according to multiple sources familiar with the matter. …

The move is noteworthy for a couple of reasons:

  1. As the former president of PayPal, Marcus has a lot of payments expertise and has been in charge of Messenger through a lot of significant changes over the years. …

  2. Trending: BREAKING: U.S. Federal Reserve system down; banks unable to make e-transfers; *UPDATE*

    The blockchain, which serves as the technical foundation for all cryptocurrencies — like bitcoin — is all the rage.

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