Facebook Ignores Bitcoin, Works on NFTs and Stable Coins Instead

David Marcus, co-creator and a board member of Diem (previously referred to as Libra), which is a centralized cryptocurrency challenge initiated by Facebook, emphasised in an interview with Bloomberg on Tuesday, that the corporate merely doesn’t perceive Bitcoin, and continues to flounder on delivering even its personal altcoin challenge, or a single NFT.

Marcus confidently informed Bloomberg that “we predict the world wants a greater fee system.” He implied that in spite of everything these years, Facebook is almost able to ship the answer.

It is unfathomable how an organization with entry to the lion’s share of the world’s computing energy has failed to know that Bitcoin has already solved the issues of ultimate settlement, near-instantaneous transactions, financial privateness, permissionless cash, and commission-free remittance.

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