latest

David Marcus of Coinbase to Lead New Facebook Blockchain Team

David Marcus who serves on the board of directors with Coinbase and also runs Facebook's messenger app department, will soon be taking on a new role that will focus on implementing the uses of blockchain technology inside of Facebook. The new blockchain team has purportedly assembled some of the top minds working in Facebook, which includes the VP of engineering, some Facebook executives, including the vice president of engineering and vice of product at Instagram.

Stan Chudnovsky who was formerly the product head at Messenger will take on Marcus’s former job.

“After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge," Marcus said via Facebook. "I'm setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch."

The 45-year-old Marcus has a wealth of knowledge and history in the tech industry. He began his tech career at 23 when he started a company called GTN Telecom, which operated as as a medium for local and long distance calling as well as Internet access. In time he founded two other tech companies before moving on to PayPal where he served as its Vice President and General Manager of the Mobile Division. He become President of PayPal in 2012. In 2014 he left PayPal to join Facebook as its Vice President of Messaging Products, and in late 2017 he was appointed to the Board of Directors with Coinbase.

Coinbase says they chose Marcus based on his vast knowledge of working with cryptocurrency along with his leadership with both PayPal and Facebook

Facebook says this move is to help improve the way the company operates and stores its users information. The CEO of Facebook, Mark Zuckerberg, has also changed up a great deal of how the company is structured and broken it down into three divisions for all employees.

It's ironic that Facebook has banned all cryptocurrency and ICO ads in 2018 while it's now looking into the technology for itself. It's obvious to those following the cryptosphere that blockchain technology and cryptocurrencies in general are a certainty for our future and they are presently being rooted in our daily lives.

Author image
Jack Taylor is a freelance journalist who has contributed to many award winning media outlets on a wide range of topics regarding trending technologies, cryptocurrency, blockchain & digital privacy.
Tennessee