Google wants to index crypto. Facebook wants to eat it.

Blockchain has arrived fully at the gates of Silicon Valley. Consider these two stories.

The first is that Facebook, as financial news site Cheddar reported yesterday, has completed the “acqui-hire” of the team for London-based blockchain research firm “Chainspace,” described by its founder Dave Hrycyszyn on LinkedIn as “somewhat akin to Ethereum but with higher throughput and much lower latency.”

The Chainspace employees will join Facebook’s 40-strong blockchain team, headed by former PayPal President David Marcus, which is reportedly tasked with building a “stablecoin.” The addition of Chainspace’s staff, with their focus on transaction speeds, is likely intended to bolster Facebook’s chances of building an intra-app currency that competes on a level with Visa.


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