Tech Getz

Main Menu

  • Mobile
  • Apple
  • Computer
  • Contact Us
Sign in / Join

Login

Welcome! Login in to your account
Lost your password?

Lost Password

Back to login

logo

  • Mobile
    • JIO starts 5G service in India next year:Mukesh Ambani

      12/08/2020
      0
    • Xiaomi Mi 10 pro launched with 5G

      03/29/2020
      0
    • Redmi Note 9 Pro launched Rs 14999

      03/12/2020
      0
    • RealMe 6 pro launch in India on March 5

      02/26/2020
      0
    • Vivo S1 Pro Review

      01/27/2020
      0
    • Why Android Studio for App development?

      01/23/2020
      0
    • samsung Galaxy A50 specification and review

      12/28/2019
      0
    • How to stop adding someone to Whatsapp Group

      12/24/2019
      0
    • Great Apps and Service 2019

      12/21/2019
      0
  • Apple
    • The story of Jobs and Ipod

      11/16/2020
      0
    • Jobs firing and return to Apple Inc

      10/09/2019
      0
    • Apple iPad 2018 Vs iPad 2017

      03/29/2018
      0
  • Computer
    • JIO starts 5G service in India next year:Mukesh Ambani

      12/08/2020
      0
    • How to enable WhatsApp 'Disappearing Messages' feature

      11/19/2020
      0
    • What is data Analyst and Scope?

      11/08/2020
      0
    • What is for Looping in C?

      09/29/2020
      0
    • Which is the first program language from Bill Gates

      09/20/2020
      0
    • Tiktok rival launched by Youtube

      09/16/2020
      0
    • Which is the first video Conferencing App In the World

      08/23/2020
      0
    • What are the Retan Tata's Investments in Startups

      08/13/2020
      0
    • What are Chinese Social Media Applications

      07/14/2020
      0
  • Contact Us
Computer
Home›Computer›Facebook Plans to Launch Cryptocurrency: Report

Facebook Plans to Launch Cryptocurrency: Report

By fazilmuhammed
05/12/2018
1178
0
Share:

Facebook confirmed it is creating a new Blockchain group, fresh media reports have claimed that the social networking giant is also exploring the creation of its own cryptocurrency.

According to the tech website Cheddar, Facebook is “very serious about it”.

However, “people familiar with the matter said the social network doesn’t have plans to hold a so-called initial coin offering (ICO) by offering a limited number of virtual tokens for the public to buy at a set price,” the report said late Friday.

Facebook has over 2 billion users globally and launching cryptocurrency will allow them make payments using a virtual currency like Bitcoin.

“I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch,” David Marcus, currently the executive in-charge of Facebook Messenger, said in a post.

In a statement later, Facebook said: “Like many other companies, Facebook is exploring ways to leverage the power of Blockchain technology. This new small team will be exploring many different applications. We don’t have anything further to share”.

Global spending on Blockchain solutions is expected to reach $2.1 billion (roughly Rs. 1,41,52.4 crore) in 2018, more than double of the $945 million (roughly Rs. 63,68.6 crore) spent in 2017, market research firm International Data Corporation (IDC) said earlier this year.

Recode had first reported that Facebook is building a new team dedicated to Blockchain technology and Marcus was leaving his post to run the Blockchain group.

The Blockchain team would come under “New platforms and infra” run by Chief Technology Officer (CTO) Mike Schroepfer, who will also take care of Facebook’s AR, VR and Artificial Intelligence initiatives.

Mired in a massive data breach controversy, Facebook has rolled out biggest-ever shuffle at the senior management level since its inception — across platforms, including WhatsApp and Messenger. The company has made long-time executive Chris Cox in-charge of Facebook, Instagram, WhatsApp and Messenger — now called a “family of apps”.

REPORT NDTVGADGET

Previous Article

Pokemon Go Developer Niantic Plans to Build ...

Next Article

Dragon’s Crown Pro PS4 Review

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Computer

    HOW TO START A PYTHON PROGRAMMER IV

    02/25/2020
    By fazilmuhammed
  • ComputerMobile

    What is MIUI ?

    07/12/2019
    By fazilmuhammed
  • Computer

    AI solves rubics cubes in a second

    07/17/2019
    By fazilmuhammed
  • Computer

    Youtube introduce copyright claim for creators.

    12/28/2019
    By fazilmuhammed
  • ComputerUncategorized

    Difference Wifi vs Lifi, Speed, technology

    08/02/2019
    By fazilmuhammed
  • Computer

    Top 10 tech Skills in demand 2020

    01/17/2020
    By fazilmuhammed

Leave a reply Cancel reply

  • Business

    What is franchise Business?

  • Business

    What Inside Inside the letter of Warren Buffet

  • Tech Getz

    United States Visas

  • Recent

  • Popular

  • Comments

  • JIO starts 5G service in India next year:Mukesh Ambani

    By fazilmuhammed
    12/08/2020
  • How to enable WhatsApp ‘Disappearing Messages’ feature

    By fazilmuhammed
    11/19/2020
  • The story of Jobs and Ipod

    By fazilmuhammed
    11/16/2020
  • What is data Analyst and Scope?

    By fazilmuhammed
    11/08/2020
  • THE UNKNOWN FACTS ABOUT FLIPKART

    By fazilmuhammed
    10/31/2020
  • OPERATING SYSTEM USERS SHARE

    By fazilmuhammed
    07/23/2017
  • WHAT IS BELUGA CAVIAR

    By fazilmuhammed
    07/23/2017
  • BEST SELLING AUTOMOBILES

    By fazilmuhammed
    07/23/2017
  • Rare Stories About Dr. APJ Abdul Kalam

    By fazilmuhammed
    07/26/2017
  • Is it coffee help you live longer?

    By fazilmuhammed
    08/02/2017

Tech News

  • ComputerMobile

    JIO starts 5G service in India next year:Mukesh Ambani

    Jio 5G service will be launch may be in June 2021 said Mukesh Ambani during his keynote at India Mobile Congress 2020.Jio developing affordable android phone. The collaboration with Google ...
  • Computer

    How to enable WhatsApp ‘Disappearing Messages’ feature

    In the new updation of Whatsapp introduced new feature is disappearing message feature. This feature is once enabled, new messages sent in the individual or group chat will disappear after ...
  • Apple

    The story of Jobs and Ipod

    Ipod is the Apple’s one of the creative productive. In the 1990s walkman is the portable music player, but it is bulky. In the time Steve Jobs things 1000 music ...
  • Computer

    What is data Analyst and Scope?

    The data analyst can do the transforming data into information. This will improve knowledge and business. Now data analysis plays a role in making decisions more scientific and helping businesses ...
  • BusinessStartup

    THE UNKNOWN FACTS ABOUT FLIPKART

    1.Flipkart is an Singaporean e-commerce company but the headquartered Singapore (legal domicile) and Operation headquarter Bangalore, Karnataka, India. 2.The company started in the year  Sachin Bansal and Binny Bansal in 2007. 3.The first ...

About Us

Contact Us


  • +919995217791
  • techyget@gmail.com
  • Recent

  • Popular

  • Comments

  • JIO starts 5G service in India next year:Mukesh Ambani

    By fazilmuhammed
    12/08/2020
  • How to enable WhatsApp ‘Disappearing Messages’ feature

    By fazilmuhammed
    11/19/2020
  • The story of Jobs and Ipod

    By fazilmuhammed
    11/16/2020
  • What is data Analyst and Scope?

    By fazilmuhammed
    11/08/2020
  • OPERATING SYSTEM USERS SHARE

    By fazilmuhammed
    07/23/2017
  • WHAT IS BELUGA CAVIAR

    By fazilmuhammed
    07/23/2017
  • BEST SELLING AUTOMOBILES

    By fazilmuhammed
    07/23/2017
  • Rare Stories About Dr. APJ Abdul Kalam

    By fazilmuhammed
    07/26/2017

Follow us

© Copyright TECHGETZ. All rights reserved.