Facebook is keeping its cryptocurrency plans under wraps, even when it comes to other company employees.
Facebook's blockchain and cryptocurrency efforts are being run by former PayPal president David Marcus. It has been steadily building out its team, recently hiring a group of employees from blockchain start-up Chainspace. The tech giant hasn't publicly said what the team is working on. But Bloomberg reported in December that Facebook is looking to introduce mainstream users to digital currencies by allowing them to send money through WhatsApp, which Facebook owns.
Cryptocurrencies became a household name at the end of 2017. The investing mania was led by bitcoin, which rallied to nearly $20,000 by the end of 2017 after starting that year at less than $1,000. It has come crashing down 80 percent since, and was trading near $3,800 on Friday.
Well there the problem.