Facebook prepares to raise money for password development?

Nathaniel Popper, a New York Times journalist, wrote on his Twitter article that Facebook is aiming to raise money from several venture capital firms to develop cryptography.

He quoted the official saying that Facebook is aiming to raise $ 1 billion ($ 1.14 trillion). The significance of funding from venture capital is due to the decentralized spirit of the cryptographic community. One of the charms of the block-chain project is the decentralization and funding from external investors, which means that Facebook is more dispersed and can be a way to become a less direct project on Facebook. The project is also called Stable Coin which links various legal currencies.

In February, Facebook reported that it had begun negotiations with the Codex Exchange to publicize its own cipher currency. Facebook has also announced that its chat app, WhatsApp, is also trying to build a structure that can instantly send coins to friends and family.



Through the monthly AHC PC and HowPC magazine era, he has watched 'technology age' in online IT media such as ZDNet, electronic newspaper Internet manager, editor of Consumer Journal Ivers, TechHolic publisher, and editor of Venture Square. I am curious about this market that is still full of vitality.

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