Representatives of Facebook denied the rumors about the collaboration of the project with cryptocurrency Stellar, according to Cheddar.

“We do not participate in any discussion with Stellar and do not plan to use solutions based on their technologies”, — said the representatives of the major social networks.

On Friday, Business Insider published an article stating that Facebook is actively discussing the creation of a private network based on blockchain Stellar. On the background of this publication, the sixth course on capitalization of bitcoin has grown by about 10%.

XLM/USDT exchange Binance

However, Facebook is actively engaged in the research of blockchain technology. So, in July the head of engineering on the social network Facebook Evan Cheng was appointed Director on the blockchain-engineering. Cheng is an adviser to several blockchain projects including Zilliqa and ChainLink.

ForkLog also previously reported that the Vice-President on development of Facebook messenger, David Marcus will leave the Board of Directors Coinbase to focus on the development of blockchain-strategies for the most popular social networks.

Marcus had previously stated about the possible use of the social network of various blockchain solutions, including the implementation of cryptocurrency payments through Messenger app.

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