Facebook’s blockchain team is assembling its own mini-PayPal mafia


  • Business
  • Wednesday, 08 May 2019

NEW YORK (Bloomberg): The inner workings of Facebook Inc’s blockchain team are still shrouded in secrecy, but it’s staffing up, according to people familiar with the group. 

Those people said that its product, which Bloomberg earlier reported will be a type of cryptocurrency, could be announced as soon as next quarter. Launched last May, Facebook’s blockchain unit now counts 50 employees.

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