Facebook’s cryptocurrency project appears to be going strong, as 100 people are now reportedly working on the company’s foray into crypto.
A recent CNBC report revealed that the social media giant now has 100 employees working on its crypto project. This was said to be based on the profiles seen on LinkedIn, the networking site for professionals. But Facebook is apparently still adding to its staff as there remain over 40 open positions in the project team’s business division.
New Crpyto Focused on Accessibility
Based on the career description found on the website’s advertisement, the company’s new cryptocurrency project aims to give public service that’s focused on accessibility. It further explained that the company’s ultimate objective is “to help billions of people with access to things they don’t have now,” like fair financial services, healthcare, or new methods of sharing or saving information.
The blockchain-centered project is being headed by David Marcus. He was previously on the board of crypto exchange and digital wallet company Coinbase and was president of PayPal.
Meanwhile, Eric Nakagawa is said to be the “head of open source.” The Facebook developer was said to have previously advocated for open source projects at PyTorch AI software. Nakagawa is also known as the founder of “I Can Has Cheezeburger?,” a popular humor website in the 2000s.
There are reports that Facebook might have to surrender control of its crypto administration to third parties to ensure a certain amount of decentralization.
The company is said to be gearing up to reveal its top-secret cryptocurrency project this month. Once this happens, employees will reportedly be allowed to get part of their pay in the project’s native cryptocurrency.