RATE Group | Facebook Exec David Marcus Leaves Coinbase Board
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Facebook Exec David Marcus Leaves Coinbase Board

11 Aug Facebook Exec David Marcus Leaves Coinbase Board

Posted at 22:41h in Cryptocurrency News by

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David Marcus, the former head of Facebook’s Messenger team who now leads a blockchain-focused group within the social media giant, announced Friday that he would step down from his seat on the board of cryptocurrency trading platform Coinbase. The move, according to Facebook, was made to “avoid the appearance of conflict” between Marcus’ two roles.

Though Facebook has not revealed any specific plans to use the decentralized ledger technology behind Bitcoin, Marcus stepping down at Coinbase suggests that Facebook’s blockchain ambitions are ongoing and serious. Possible plans could include issuing its own cryptocurrency, which could swiftly make Facebook a power player in the global payments ecosystem; or acquiring major blockchain startups, perhaps even Coinbase itself.

Marcus’ resignation from the Coinbase board was first reported by Coindesk. It came just months after he joined that board in December of 2017….

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