HomeBlockchainRumors: Facebook to collaborate with Stellar

Rumors: Facebook to collaborate with Stellar

It is not news that Facebook is speaking with several crypto-related projects to explore how it can exploit the blockchain, in particular, the Stellar one.

In recent months, David Marcus, chief of the blockchain Facebook team has met Stellar to explore potential opportunities, someone said to Business Insider.

If Facebook wants to rival big banks, it could use the blockchain, said a person that is near to the Stellar team.

A Stellar insider told that Facebook could use the blockchain to record payments transactions onto a distributed ledger like Stellar.

After this news, Stellar Lumens (XLM) price gain a 6%, reaching the price of $0.23.

“They’d be taking the rug out from under the banks. They can add a bank more quickly than a bank could build a social network.”

Another Facebook’s insider said that the company is making a long-term bet on the blockchain, in a similar way to what they are doing with artificial intelligence.

Recently, Facebook is hiring a lot of blockchain experts, including a blockchain public policy manager to analyse policy issues.

Also, in May Shashwat Gupta, who previously worked at Samsung Pay, joined as a product strategist for blockchain. And the strange thing is that the word “blockchain” was removed from his LinkedIn profile after Business Insider talked to the Facebook spokesman.

Amelia Tomasicchio
Amelia Tomasicchiohttps://cryptonomist.ch
Esperta di digital marketing, Amelia inizia a lavorare nel settore fintech nel 2014 dopo aver scritto la sua tesi di laurea sulla tecnologia Bitcoin. Precedentemente è stata un'autrice di diversi magazine crypto all'estero e CMO di Eidoo. Oggi è co-founder e direttrice di Cryptonomist, oltre che Italian PR manager per l'exchange Bitget. E' stata nominata una delle 30 under 30 secondo Forbes. Oggi Amelia è anche insegnante di marketing presso Digital Coach e ha pubblicato un libro "NFT: la guida completa'" edito Mondadori. Inoltre è co-founder del progetto NFT chiamati The NFT Magazine, oltre ad aiutare artisti e aziende ad entrare nel settore. Come advisor, Amelia è anche coinvolta in progetti sul metaverso come The Nemesis e OVER.