RATE Group | David Marcus and His Calibrated Effort to Save Libra
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David Marcus and His Calibrated Effort to Save Libra

16 Feb David Marcus and His Calibrated Effort to Save Libra

Posted at 21:27h in Cryptocurrency News by

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David Marcus was born in France, grew up in Paris and Geneva, and had shown interest in tech from his early years. At 23, he founded his first company — internet provider GTN — and later sold it.

Related: Who Is David Marcus: Bitcoin Believer Turned Facebook Libra Co-Creator

Marcus is currently the head of Calibra, a subsidiary of Facebook and the official wallet provider for the Libra cryptocurrency. He is a former head of messaging products at Facebook and was a board member of Coinbase in 2018. Prior to that, Marcus served as the president at PayPal after the Zong payments company he created in 2018 was bought out by the financial services giant.

Unveiling Libra

In late 2018, Facebook’s initiative to develop its own digital stablecoin thrust Marcus into the spotlight of the crypto scene, as the tech entrepreneur was reported to be heading the effort. Following the official announcement of the Libra project, Marcus became a frequent newsmaker by either attempting to quell…

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