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Facebook hires Standard Chartered executive ahead of crypto launch

By Caoimhe Toman

Date: Friday 14 Jun 2019

Facebook hires Standard Chartered executive ahead of crypto launch

(Sharecast News) - Facebook has hired a senior Standard Chartered executive, Ed Bowles, ahead of the expected launch of its very own cryptocurrency and financial services business.
Bowles is currently Standard Chartered's European head of corporate and public affairs Ed Bowles is set to join the social media giant in September as director of public policy, the Financial Times reported. The role will be based in Facebook's London office.

Facebook revealed in May that it had developed a fintech company centred on blockchain. The platform will focus on "investing, payments, financing, identity management, analytics, big data, blockchain and other technologies."

Zuckerberg's project would allow users to send money to each other and make payments across Facebook, Instagram and WhatsApp and the wider internet.

The new Facebook digital payment system could be launched as soon as March 2020.

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