According to the report, there are now 100 people known to be working on the crypto project via profiles on professional networking platform LinkedIn. Facebook is also reportedly not done hiring, with over 40 openings still available in the team’s business unit, as per its website listing.
“Our ultimate goal is to help billions of people with access to things they don’t have now — that could be things like healthcare, equitable financial services, or new ways to save or share information.”
The head of Facebook’s blockchain-based project is David Marcus. Marcus served on the board of cryptocurrency exchange and wallet service Coinbase until recently, and previously worked as the president of PayPal.
As recently reported by Cointelegraph, Facebook may relinquish control of its cryptocurrency governance to third parties, in order to provide a degree of decentralization. Additionally, Facebook will reportedly announce its secretive crypto project some time this month, at which point its employees will be allowed to take part of their salary in the platform’s native cryptocurrency.