David Marcus Leaves Meta, Facebook, and Novi

　　It is unclear whether Marcus will remain involved with Diem outside of Facebook's walls.

　　David Marcus reported today that he will leave Facebook—or as it has as of late been rebranded, Meta.

　　For the beyond couple of years, Marcus has headed Facebook's Novi cryptocurrency wallet and its different payments products.

　　It is hazy whether Marcus will stay associated with the Diem cryptocurrency, which isn't solely run by Facebook.

　　David Marcus, top of Facebook's financial endeavors, has reported that he will leave Facebook parent organization Meta.

　　Marcus Leaves Meta

　　“Personal news,” Marcus presented on Twitter on Tuesday. “Following a satisfying seven years at Meta, I've settled on the troublesome choice to venture down and leave the organization toward the finish of this current year.”

　　In 2014, Marcus joined Facebook as the head of Messenger and assisted with presenting payment administrations there. In 2018, he turned into the top of Facebook's blockchain activities, where he started two interrelated undertakings: the Diem stablecoin and the Novi wallet. At last, in 2020, Marcus became head of Facebook Financial.

　　Marcus' most recent achievement was a restricted dispatch of the Novi wallet this October. Novi's underlying dispatch was focused on settlements among Guatemala and the U.S. using the Paxos stablecoin.

　　Soon after the dispatch of the Novi wallet, Facebook rebranded each of its financial products under the Novi brand name. This was identified with Facebook's bigger choice to rebrand as Meta, a change that addressed its new spotlight on the Metaverse.

　　Future With Diem Is Unclear

　　Marcus will presently don't head Facebook's Novi product offering, which incorporates the Novi cryptocurrency wallet. He will be supplanted by organization chief Stephane Kasriel.

　　Marcus didn't make reference to whether he would keep working with Diem, the Facebook-drove stablecoin project. However Novi is planned to fill in as a wallet for the Diem cryptocurrency, Diem itself was constantly expected as a collective endeavor between a few organizations. Facebook plays just a halfway part in working Diem.

　　Marcus is as yet recorded as a board part on the site of the Diem Association as of Tuesday, Nov. 30.

　　The news comes only one day after Jack Dorsey declared that he would leave his situation as CEO of Twitter after over 16 years of association with the organization.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

　　iOS: t.ly/UUCj

　　Android: t.ly/cfYt