If Facebook succeeds in scaling its blockchain payments project to its more than 2 billion users, the company will deliver on Peter Thiel's original vision of online payments.
div > div.group > p:first-child"> Those were the words PayPal chose to present itself to the world in its S-1 filing when the company went public in 2002 with Peter Thiel at the helm.
This stablecoin could be announced as soon as next quarter, according to a Bloomberg report on Wednesday. That report also highlighted that several of the executives spearheading the Facebook project are ex-PayPal employees, including leader David Marcus, who was the company's president from 2012 to 2014.
Cryptocurrency in general could fulfill the vision Thiel laid out to Wired in a 2001 article titled"The Money Shot." With Facebook, which claims 2.7 billion global monthly users across all of its apps, Thiel's vision has a better chance at becoming a reality.
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