The crypto news today again show the enthusiasm at one of the largest social networks out there, Facebook, to get into the blockchain market. According to a job description that was uploaded on the official Facebook website this week, the company led by Mark Zuckerberg is actively looking for a senior lawyer with experience in both blockchain and payments.
Facebook hinted about plans involving blockchain, cryptocurrency and payments in its social media ecosystem. The social network now wants a Lead Commercial Counsel in order to guide the rollout of new offerings.
As the job description noted:
“You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally.”
It continues:
“You will also advise clients on the various legal risks, business strategies and other issues related to commercial transactions and general operations.”
With this, Facebook attracted a lot of attention in the media. After the reports on New York Times last month which hinted on the company seeking support for its potential future token dubbed “Facebook Coin” – this only extends the rumors to new possibilities.
The token, which some sources say that may appear within the first half of this year, would act as a cross platform initiative for payments – and may also involve Instagram and WhatsApp – as the two major businesses owned by Facebook.
Before this, one report showed that the social media giant (Facebook) had bought a blockchain startup and with that made its first move in the blockchain space. The report was talking about Chainspace, a startup based in the UK, which focuses on blockchain scalability solutions. At the time, one Facebook representative noted that they have hired many Chainspace researchers but hadn’t gotten a hold of Chainspace’s tech.
There are a lot of analyses about Facebook’s current plans involving crypto and blockchain – as well as a lot of accents on how the dominant social media network could improve these spaces. For now, however, everything is just a rumor but this recent job vacancy ad has proven that things are looking more serious for both Facebook and its plans in the blockchain/crypto space.
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