In 2019, Meta announced Second project: New cryptocurrency that can be used on Facebook, WhatsApp and many other digital platforms. The company, however, pulled the plug on its plans before the opposition tracking from the US Congress and other legislators. Now Meta is tested by the cry again. According to five sources familiar with this issue, the company is discussing the crypto -firms to introduce stablecoins as a means of paying payments, as well as hired vice -president for products with crypto experience to help the shepherd discussions. All five sources whose identity is known Fortuna, Speaking about the condition of anonymity to talk about private business transactions.
Meta abandoned the comment.
Stablacoy, a form of non -styling cryptocurrency, is usually tied to the US dollar, a long -standing product in the Blockchain industry, but the vigorous anti -script policy of Baden’s administration restricted the adoption of the main one. However, Donald Trump’s elections last November together with recent $ 1.1 billion acquisition Stable launch bridge on payment StripeThey have pushed their use in a broader financial world, especially as a form of cross -border payments.
Last month, Visa announced A partnership with a stable infrastructure provider, the financial firm showed that this is the case developing its own stable and strip disclosed New financial accounts that work on stable stables.
Meta’s interest in this technology reflects the growth of interest in stable companies among non-cry-companies, especially since the Congress legislators discuss two bills that would regulate the stables after many years of uncertainty.
Crypto meta plans
In January, Jinger Baker started working at Meta as a vice drug and specializing in Fintech and payments, it reports. Earlier, she worked as the head of the company Fintech Company Plaid and still performs at the Stellar Development Fund Council, a krypto company that manages the layer-1 block, according to its profile. According to a person familiar with this issue, she helps stable research stable meta.
Meta refused to make Baker available for comments.
Earlier this year, Meta appealed to the crypto -infrastructure companies, according to three people who are familiar with this issue. Discussions remain in the previous stage, but they focus on the key features offered by stable thrust compared to Fiat currency – the ability to pay individuals in different regions without high payments associated with other forms of payments.
One of the executives of the crypto infrastructure suggested subsidiary Instagram Meta Instagram could integrate stablecoins to facilitate small payments within $ 100 in different markets, which will reduce the fee than when paid by Fiat currencies. They described meta as “training”, adding that meta would probably be agnostic to the type of stabilism, which they used, not choose one supplier, such as Circle USDC. Two more crypto leaders also reported Wealth They conducted early discussions with Meta focused on the use of payments.
Meanwhile, in March, the circle hired Matt Cavin from Gaming Blockchain. He has a discussion with Meta and other large technology firms, according to one of the sources familiar with this issue. The LinkedIn Cavin profile describes its current role in Circle as leading “strategic” level-1 “without showing the companies he works with.
The circle refused to comment.
The blast in the stabbed
Stablecoins Meta study is particularly noteworthy because it was once the loudest major technology firm to study crypto-integration. In 2019, Meta announced the Blockchain initiative, which turned into a scales offered by a consortium of companies, including Uber and PayPal, which would launch a stable basket with a basket of currencies. Following the renamed Diem Meta project, he abandoned it in early 2022 under the close attention from the regulators. Meta sold Diem assets at Crypto-Bank SilverGate.
A number of staff who worked on the scales continued to create their own crypto -companies, including David Marcus, which founded Bitcoin Payer Infrastructure Company Lightspaark. Other graduates also continue to change Meta technology to run their own blockchains. The most characteristic are the founders of APTOS and SUI, two blockchains working in the programming language developed by Meta called Move.
On Tuesday, Facebook founder and CEO Mark Zuckerberg appeared at the Stripe Conference, where he admitted the failure of the smoke on the stage with the co -founder Stripe John Kolison, the video presented for the video said Wealth. “This thing has died,” Zuckerberg said.
Later, when asked about the trend of meta to early to technological trends, Zuckerberg replied that “it is definitely fun when you are early than when you are late.” But, he added: “There are many things that (we) are late and have to give up playing game, which, I think, we are also good.”
Originally this story was presented on Fortune.com
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2025-05-08 19:06:00
Leo Schwartz, Ben Weiss
