Morgan Creek Believes Facebook Will Build ‘The Most-Used Product In Crypto’

Anthony Pompliano, the head of Morgan Creek, is in the latest cryptocurrency news for his expectations about the future of the blockchain space. As Pompliano noted, contrary to the expectations of many in the sphere, Facebook will eventually build the “most used product in crypto.”

The popular ‘Pomp’ noted that while responding to a tweet by The Block founder Mike Dudas, inferring that the social media giant is continuously hiring blockchain engineers without a clearly defined role or purpose for them.

As such, he stated that based on Facebook’s track record of development, scaling and deployment – he expects that it’s only a matter of time before the company rises and dominates the crypto space.

I bet Facebook builds the most used product in crypto.

— Pomp 🌪 (@APompliano) December 6, 2018

Meanwhile, earlier this year we reported about Facebook’s efforts towards scaling its blockchain division – as well as the plans to build a cryptocurrency project on the Stellar network as its first assignment. And while Facebook denied some of these reports, there is certainly something cooking at their office.

In the meantime, the social media giant has been continuously hiring blockchain developers to join its growing team. The head of the blockchain division at the company, David Marcus, recently resigned from his position on the board of directors at Coinbase, citing a new conflict of interest and fueling the speculations that the company is indeed set to launch a cryptocurrency project.