9 months ago

Representatives of Facebook denied rumors about the company’s cooperation with the Stellar crypto project, according to Cheddar.

On Friday, Business Insider reported that Facebook is actively discussing the creation of its own network based on Stellar blockchain. After that article the rate of the cryptocurrency grew by almost 10%.

Nevertheless, Facebook has many times shown interest in blockchain technology. In July, the head of the engineering department of the company Evan Cheng became the director of blockchain engineering. Cheng is an adviser to several blockchain projects, including Zilliqa and ChainLink.