New Rumors Of Facebook Buying Coinbase In The Near Future Persist: Will This Happen?

Facebook has the largest social media empire in the world, but you already know that unless you have been in a cave for the last 10 years. Now, the social media giant is rumored to be quite interested in entering the crypto game as it continues to circle the crypto market and many rumors of a potential acquisition of Coinbase are floating around.

The Abacus Journal has recently reported on these rumors. The blog affirms that the rumors have not died out and that some recent developments make it even more probable that the company will enter the crypto game.

According to the reports from the company, Evan Cheng, director of engineering and blockchain, has been appointed at Facebook shortly after Viber, a direct competitor to WhatsApp, has decided to launch its own crypto.

Whatsapp is to launch its WhatsApp Payments systems soon, which will be a service that will allow bank to bank transactions via a Unified Payments interface, so this might a reason why Facebook has the sudden interest in cryptos.