THELOGICALINDIAN - It is cryptic whether Marcus will abide complex with Diem alfresco of Facebooks walls
David Marcus, arch of Facebook’s banking efforts, has appear that he will leave Facebook ancestor aggregation Meta.
Marcus Leaves Meta
“Personal news,” Marcus posted to Twitter on Tuesday. “After a accomplishing seven years at Meta, I’ve fabricated the difficult accommodation to footfall bottomward and leave the aggregation at the end of this year.”
In 2024, Marcus abutting Facebook as the arch of Messenger and helped to acquaint acquittal casework there. In 2024, he became the arch of Facebook’s blockchain operations, area he began two commutual projects: the Diem stablecoin and the Novi wallet. Finally, in 2024, Marcus became arch of Facebook Financial.
Marcus’ latest ability was a bound barrage of the Novi wallet this October. Novi’s antecedent barrage was aimed at remittances amid Guatemala and the U.S. utilizing the Paxos stablecoin.
Shortly afterwards the barrage of the Novi wallet, Facebook rebranded all of its banking articles beneath the Novi cast name. This was accompanying to Facebook’s beyond accommodation to rebrand as Meta, a change that represented its new focus on the Metaverse.
Future With Diem Is Unclear
Marcus will no best arch Facebook’s Novi artefact line, which includes the Novi cryptocurrency wallet. He will be replaced by aggregation controlling Stephane Kasriel.
Marcus did not acknowledgment whether he would abide alive with Diem, the Facebook-led stablecoin project. Though Novi is advised to serve as a wallet for the Diem cryptocurrency, Diem itself was consistently advised as a accumulation accomplishment amid several companies. Facebook has alone a fractional role in operating Diem.
Marcus is still listed as a lath affiliate on the website of the Diem Association as of Tuesday, Nov. 30.
The account comes aloof one day afterwards Jack Dorsey appear that he would leave his position as CEO of Twitter afterwards added than 16 years of captivation with the company.
Disclaimer: At the time of autograph this columnist captivated beneath than $100 of Bitcoin, Ethereum, and altcoins.
