Facebook Doubles Its Search for Crypto and Blockchain Developers

Facebook creates Blockchain Division to be led by Coinbase board member

Have you ever dreamt of working with Facebook? Do you have what it takes to work with the largest social media platform in the world? Then now is your chance, as Facebook just opened the floor for talented individuals in the budding digital currency and blockchain space. The blockchain industry is evolving at a fast pace. More developers, companies, and organizations are emerging in the space every day.

One of the top firms exploring the potentials of the technology is Facebook. Early last year, the CEO of Facebook said he was exploring the evolving technology. Earlier this year, the social media giant disclosed its plans to launch its digital currency – Facebook coin or Facecoin. With regards to this, the firm is now looking to fill some gaps in its in-house blockchain division.

Facebook Blockchain Hiring – Facebook Increases Its Search for Blockchain Developers

The digital currency-friendly arm of Facebook presently has about 24 jobs opening on the official careers portal of the firm. Some of the roles advertised on the platform are – a Finance analyst, two Product Managers, a Threat Investigator, a Data Scientist, a Director of Technical Account and Securities and Exchange Commission Reporting, and more.

David Marcus of PayPal and Instagram executives are in charge of this division. According to the report, the division is focused on design, UX, marketing, legal compliance, blockchain, and software engineering. However, this can be the in-house digital currency team of the firm, working on the so-called Facecoin or Facebook Coin.

Facebook Set to Launch Its Digital Currency Soon – Facebook Coin

There are speculations that the social media giant wants to blockchainify some of its facets. However, reports have it that Facebook is exploring blockchain technology to launch its digital currency soon. Facebook recently announced the forthcoming launch of its digital currency. According to the announcement, the digital currency will be transferred directly via WhatsApp. The aim is to help users of the platform transact value across the globe to avoid expensive remittance charges.

According to a report by the New York Times, the firm has been in touch with digital currency trading platforms. The recent opening in the firm might also have something to do with this specific venture. There are lots of regulatory issues in the crypto space. Recently, stablecoins were revealed to be under the jurisdiction of the Securities and Exchange Commission. Also, Facebook is hiring a director of SEC reporting, which might be a way to alleviate regulator risks.

The need for digital currency and blockchain developer and researcher is on the rise. There are lots of jobs out there for talented developers. Blockchain is growing every day, and they are still discovering more use cases for the digital currency.

While Facebook is exploring the technology to create its digital currency – Facebook coin – the social media giant might have other uses for the technology. Digital currencies are not the only use cases for the digital currency. Blockchain technology is adopted in the manufacturing, automobile, and gaming industries.

Will bitcoin recover?

Bitcoin (BTC) Price Today – BTC / USD

Name Price24H (%)
Bitcoin (BTC)
$5,300.00
1.21%

Despite the recent price plunge of Bitcoin (BTC), more developments have been emerging in the blockchain and crypto space. Bitcoin (BTC) is currently trading at $3,964 after a decrease of about two percent over the past twenty-four hours. The current market cap of the digital currency is $69.37 billion. The trading volume of the digital currency over the past twenty-four hours is $17.26 billion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.