Facebook is jumping on the blockchain bandwagon

[jimmynnamdi]

Facebook is jumping on the blockchain bandwagon https://www.ccn.com/facebook-taps-coinbase-board-member-to-lead-blockchain-initiative/ … via @cryptocoinsnews #CryptoNews #blockchain #cryptocurrency
David Marcus will be leaving his leadership role at Messenger to oversee a new Facebook team focused on blockchain technology, according to Recode.

The team, which will reportedly have less than a few dozen employees, will include James Everingham, vice president of engineering at Instagram, and Kevin Weil, Instagram’s vice president of product. Stan Chudnovsky, who oversees product at Messenger, will assume Marcus’ former role.

Marcus, former president of PayPal, brings payments expertise. He has also overseen major changes at Messenger, including the decision to separate Messenger from the core app to allow users to download the standalone app and get mobile messages. He also oversaw the push into customer service bots, shopping and advertising.

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