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Facebook Taps David Marcus to Lead Payments Initiatives

Marcus will continue running Libra's Novi digital wallet as he takes on Facebook Financial.

Автор Danny Nelson
Оновлено 14 вер. 2021 р., 9:42 дп Опубліковано 10 серп. 2020 р., 8:02 пп Перекладено AI
David Marcus is the co-creator of the Facebook-backed libra stablecoin. (CoinDesk archives)
David Marcus is the co-creator of the Facebook-backed libra stablecoin. (CoinDesk archives)

Facebook formed a new payments group called "Facebook Financial" on Monday and put Novi wallet executive David Marcus at the helm.

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  • Marcus, who co-created the Libra stablecoin, said via tweet that he will continue running Facebook's Novi digital wallet subsidiary.
  • The restructuring will allow the social media giant to better integrate its Messenger, Instagram and WhatsApp payments operations, Bloomberg reported.
  • “It felt like it was the right thing to do to rationalize the strategy at a company level around all things payments," Marcus told Bloomberg.
  • Former Upwork CEO Stephane Kasriel will serve under Marcus as Facebook's new payments vice president.
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