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Facebook Is Working On A Cryptocurrency?! 馃敆

2,740 views 路 Published 11 May 2018 路 2:55 路 Indexed 25 September 2026

Channel: HyperChange 路 2018 路 People & Blogs

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Cheddar's Alex Heath reports that Facebook is planning to launch a cryptocurrency for payments, in an effort led by former PayPal chairman & Coinbase board member, David Marcus. Although the plans on in the very early stages, if Facebook follows through on this, it would be huge!! Let us know what you think in the comments below:

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LINK - Cheddar's scoop about the Facebook cryptocurrency: https://cheddar.com/videos/facebook-plans-to-create-its-own-cryptocurrency-2
LINK - USA Today, Facebook blockchain effort led by David Marcus: https://www.usatoday.com/story/tech/news/2018/05/08/facebook-blockchain-david-marcus-exec-reorg/592923002/
LINK - Coinbase Medium post about David Marcus joining the board: https://blog.coinbase.com/david-marcus-head-of-messenger-at-facebook-will-be-joining-coinbases-board-2675d5c9c967
LINK - My 2014 Seeking Alpha article about Marcus joining Facebook: https://seekingalpha.com/article/2303995-facebook-ready-to-enter-digital-payments-via-bitcoin
LINK - QZ, remittances are a $500B opportunity: https://qz.com/775159/theres-a-500-billion-remittance-market-and-bitcoin-startups-want-in-on-it/
LINK - Bitclave, monetizing personal data on the blockchain: https://medium.com/bitclave/personal-data-is-worth-a-lot-heres-how-blockchain-can-help-you-monetize-it-6b1e55f0afda

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Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 05/11/2018 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), long Maker, Bitcoin and long Boring Company & flamethrowers.

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