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Facebook Acquires ChainSpace As Part of its Blockchain Acquisition

Facebook Acquires ChainSpace To Build its Blockchain Team

Facebook has acquired ChainSpace, a blockchain startup, as a part of its plan to expand the blockchain team. The acquisition has taken place with main focus on the skills or expertise of Chainspace staff, rather than its technologies or products. Per the acquisition, Facebook has hired four researchers from ChainSpace’s team who worked on its academic whitepaper.

Facebook Plans to Introduce Cryptocurrency for WhatsApp Transfers

Facebook Plans to Introduce Cryptocurrency for WhatsApp Transfers

Facebook Inc. has announced its plans to introduce a new crypto coin that will allow users transfer money using WhatsApp. The social media company first aims to target the Indian remittances market. The firm is working on developing a stablecoin or a digital currency that will be pegged to the US dollar to eliminate the volatility in crypto markets.

Facebook Makes 40 New Hires for Blockchain Division

Facebook Makes 40 New Hires for Blockchain Division

Facebook has confirmed its intent to expand its business model by entering into the world of cryptocurrency and blockchain technologies. In May 2018, the firm started a blockchain development department to focus on research and development of Blockchain technologies. The division has hired more than 40 new members in the department, many of whom are former PayPal executives.

Facebook Hiring

Facebook to Hire Talents for Blockchain Related Roles

Facebook has announced the listing of five new blockchain related jobs that are claimed to be technically and intellectually challenging. The positions include two software engineers, a data scientist and a data engineer. The jobs have been described as full time roles at the company’s headquarter in Menlo Park, California.