6 Shares 2149 Views

Facebook Insiders are Trying to Find Leverage of Blockchain Technology

Karolis
May 9, 2018
6 Shares 2,149 Views

Start of the 2018 was unforgiveable for cryptocurrencies and blockchain technology with various limitations and restrictions. One of most known impact occured when online social media and social networking service company “Facebook” banned all cryptocurrency related ads in January.

“Ads must not promote financial products and services that are fequently associated with misleading or deceptive promotional practices, such as binary options,
initial coin offerings, or cryptocurrency.”

David Marcus – the head of Facebook Messenger unit .

Although according “Facebook” this action was executed to reduce fraudulent information spread about fake ICOs and scamms. Still this wasn’t the prohibition of Blockchain itself, but for cryptocurrencies followed by it did discouraged the popularity of blockchain, because they are related to each other. Social media website might looked like not allowing anything through what might possibly have any relations with cryptocurrencies.

Few months later on May 8th 2018, David Marcus – the head of Facebook Messenger unit published a message in Facebook about “new challange”:

“After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge. I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch.”




Leaving spot at “Facebook Messenger” He will be trying to encourage the Blockchain and find possible use of it.

David Marcus post about “Blockchain challenge” on Facebook.

It is surely great news because Facebook is well known around the globe and they help spread the word about Blockchain.




You may be interested

Power Ledger (POWR) Wins World’s Largest Startup Competition
Crypto news
8 shares854 views
Crypto news
8 shares854 views

Power Ledger (POWR) Wins World’s Largest Startup Competition

Justin - October 20, 2018

The Extreme Tech Challenge, the world’s largest startup competition which was held on Necker Island (British Virgin Islands) with an all-star judging panel spearheaded by Sir Richard Branson as anchor…

Nascar Driver Gil Linster Will Be Representing Verge (XVG ) at the final Whelen Euro Series Event
Entertainment
9 shares3,925 views
Entertainment
9 shares3,925 views

Nascar Driver Gil Linster Will Be Representing Verge (XVG ) at the final Whelen Euro Series Event

Justin - October 19, 2018

The NASCAR Whelen Euro Series (formerly known as Euro-Racecar NASCAR Touring Series) is an official NASCAR stock-car racing series based in Europe. Before it was sanctioned by…

Tech Revolution: Seoul Has Lined Up 14 Blockchain Projects till 2022
Crypto news
11 shares3,542 views
Crypto news
11 shares3,542 views

Tech Revolution: Seoul Has Lined Up 14 Blockchain Projects till 2022

Rokas - October 19, 2018

There are 14 projects that are in the planning stage to use blockchain until the year 2022 in Seoul of South Korea. This is part of the…

Leave a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most from this category