Facebook Ignores Bitcoin, Works on NFTs and Stable Coins Instead

David Marcus, co-creator and a board member of Diem (previously generally known 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 instructed Bloomberg that “we think the world needs a better payment 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 grasp 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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