Facebook Denies Stellar Partnership Rumors

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David Marcus has stepped down from the Coinbase board, citing a conflict of interest. Facebook goes on record that it will not partner with Stellar, according to Cheddar. In a statement to the news outlet, a Facebook spokesperson said: “We are not engaged in any discussions with Stellar, and we are not considering building on their technology.” The news of the rumored partnership came shortly after a Business Insider article, published Aug. 10, noted that the social media behemoth has been speaking with several crypto projects, including Stellar, while it seeks ways to use blockchain technology. The article also noted that “Facebook could use blockchain technology to rival big banks’ payment networks.” However, it also stated that the social media site “already appears to be taking other steps to break into banking” and has considered “showing users their bank balance or fraud alerts.” The price of Stellar’s