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.”
“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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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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