Social media mogul Facebook has made an advance in its blockchain effort by hiring a blockchain startup specializing in smart contracts and facilitating payments. Facebook ‘Acqui-Hires’ Chainspace According to financial media Cheddar, Facebook has hired a small blockchain company called Chainspace. In Silicon Valley, this move is referred to as an “acqui-hire” and according to the report, four of the five researchers behind the academic white paper of Chainspace are joining the social media giant. Sources familiar with theRead MoreThe post Facebook Moves Closer to ‘FaceCoin’ Acquiring Its First Blockchain Startup appeared first on Bitcoinist.com.
