Social media giant Facebook (NASDAQ:FB) has reportedly denied considering a partnership with cryptocurrency firm Stellar (XLM), shortly after rumors emerged that the two companies had recently held talks.
Business Insider reported on Friday, citing unnamed sources, that Facebook has entered talks with the company behind the sixth-largest cryptocurrency by market capitalization to discuss a potential fork from the main Stellar network. Sources from Stellar reportedly told the publication that, “it would make sense for Facebook to record payments transactions onto a distributed ledger like Stellar.”
Shortly after the news broke, a Facebook spokesperson rebuffed the rumors, speaking for financial outlet Cheddar. The representative was quoted as saying:
“We ar...
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