The Wall Street Journal coined Facebook’s blockchain project as Project Libra, approaching allies such as Mastercard and Visa. MIT’s Christian Catalini is said to be working on Facebook’s cryptocurrency efforts. We know that two of the top lieutenants of Mark Zuckerberg are indeed on the team — David Marcus and Kevin Weil. Facebook is hiring aggressively for blockchain roles.I’m excited about the long term cryptocurrency utility and adoption of blockchain technologies. This is a speculation on the 10 on-chain possibilities that Facebook’s efforts could power for the global citizen. What’s your take?
With a Facebook USD-backed cryptocurrency, users can pay each other for meals, rent and anything that’s needed. Venmo might get jealous.