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Facebook is actively buying cryptocurrency startups

Earlier this week, it became known that one of the most popular social networks Facebook, which owns the Instagram service and WhatsApp messenger, hired a team of the British developer of smart contracts Chainspace.

To do this, Facebook bought the entire small company (such acquisitions company for the staff have the name "acqui-hire"), founded by researchers from University College London.

However, the news does not end there. It became known that the American giant is negotiating the purchase immediately with 12 blockchain startups. In particular, among the companies that Facebook wants to absorb are the inactive steakbloin project Basis, the startup Algorand and the company Keybase.

Negotiations with Basis began in December, immediately after the startup’s decision to close.

According to experts, such Facebook activity can serve as confirmation of rumors about the development of steylcoin for the popular messenger WhatsApp. Currently, the blockchain division of Facebook is headed by ex-president of PayPal and former board member David Marcus. There are 40 people in his team.


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