And there’s mounting evidence that it could soon break into the crypto scene.
It has invested in a blockchain company and hired more experts to develop payments on its WhatsApp messaging platform. It has also caught the attention of lawmakers.
Rumors about Zuckerberg’s crypto ambitions have been flying around for a while but they intensified earlier this month when the registration of a new blockchain company in Switzerland — Libra Networks — revealed that Facebook Global Holdings is a stakeholder.
According to the Swiss registry, the fin-tech company will work on payments, data analytics and investment activities, and will be developing related software and hardware.
Zuckerberg has repeatedly hinted at his desire to boost the network’s payment services.
Most recently at the F8 developer conference last month, he said sending money should be “as easy as sending a photo.”
Facebook recently announced it would dramatically increase its headcount in London and Dublin, saying the newly hired talent would work on WhatsApp payments.
It also poached two blockchain experts from a major cryptocurrency exchange. Mikheil Moucharrafie and Jeff Cartwright from Coinbase said on their social media accounts that they were joining Facebook to work on compliance.
Regulators are curious