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David Marcus, a former Facebook executive who oversees cryptocurrency company plans, he leaves company. Marcus will retire at the end of 2021, he wrote in a Facebook post.
A former PayPal executive joined Facebook in 2014; he ran Messenger for four years before leaving the post to kickstart Facebook’s blockchain division. From there, it manages Meta cryptocurrency plans, as well as other payment features such as Facebook Pay.
“While there is a lot to do in doing the most important thing and starting Novi – and I am still very passionate about the need for changes in our payroll and financial systems – my business DNA has been confusing me many times. .
Marcus spent the past two years trying to get rid of Novi, the company’s cryptocurrency wallet. He announced of the wallet in the United States and Guatemala earlier this year. But the bag started without help , cryptocurrency was originally called Libra, to Marcus co-founder. The operation, now independent of Meta, has been repeatedly delayed by regulators and executives around the world. And even Novi’s test news prompted a quick re-emergence from lawmakers who urged the company to suspend the test, citing whistleblowers.
In a Facebook post, Marcus noted that “Novi’s years were very prosperous and intelligently motivated,” during his time at the company. He said he was planning to take a short break before “rebuilding the new and exciting.”
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