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2019-04-09 22:20:00

Facebook is Seeking $1 Billion in Funding for Its Cryptocurrency: Nathaniel Popper

Nathaniel Popper, the author of Digital Gold, one of the most popular books on Bitcoin (BTC), revealed via Twitter that Facebook is planning to get more venture capital firms to invest in the ongoing development of its cryptocurrency. According to Popper’s “sources,” Facebook’s management might be seeking investments of around $1 billion. The Harvard University graduate and New York Times reporter argued that “one of the big allures of blockchain projects is the decentralization.” Given that, Popper believes “getting outside investors could help Facebook present the project as more decentralized and less controlled by Facebook.”