David Marcus, the current CEO and co-founder at Lightspark, which claims to be building the open Money Grid on Bitcoin (and previously who ran Payments/Crypto and Messenger at Meta) recently shared via social media just how the Facebook-led Libra(at one point called Diem) initiative was… Read More
David Marcus, the CEO of Lightspark, has emphasized the importance of innovation in digital or online payment systems, especially when compared to the archaic infrastructure many financial institutions still rely on today. In his insightful conversation with Brian Mosoff from BlackRock, Marcus has notably underscored… Read More
Xapo Bank, a Bitcoin custodian and licensed private bank, has partnered with Lightspark and integrated with the Lightning Network “to enable lightning-fast Bitcoin payments for its customers.” Xapo Bank members “can now instantly pay for small purchases of up to $100 USD at any vendor… Read More
PayPal’s (NASDAQ:PYPL) forthcoming Acceptable Use Policy is garnering outrage on Twitter as users must agree to monetary penalties for crossing the PayPal moral guidance line. A new Acceptable Use Policy, to take effect on November 3, 2022, states: “You are independently responsible for complying with all… Read More
David Marcus was previously the head of Facebook / Meta’s (NASDAQ:FB) initiative to create a non-sovereign global digital currency. First branded as Libra, and then as Diem, the digital currency launched with much fanfare but eventually sputtered – largely due to global regulatory pushback that made… Read More
Diem, the digital currency project previously known as Libra created by Meta (NASDAQ:FB) (formerly doing business as Facebook) may be for sale. According to a report by Bloomberg, Diem is on the auction block due to “regulatory pressure.” Initially launched with great fanfare as a… Read More
David Marcus, the lead executive at Facebook / Meta (NASDAQ:FB) heading the charge for Facebook’s botched attempt to create a digital currency is exiting the firm to “pursue other projects,” according to a report in Bloomberg. Marcus joined Facebook from PayPal in 2014. According to… Read More
Facebook Inc. (NASDAQ:FB), which currently has a market cap of around $750 billion, employs over 52,000 workers, and generated over $70 billion in revenue last year, has introduced a new group to focus on payments and digital commerce opportunities. David Marcus, the co-creator of the… Read More
In comments likely designed to assuage regulator concerns, Kevin Weil, VP Product for Facebook’s Calibra cryptocurrency wallet program, told people attending the Web Summit technology conference in Lisbon November 5th that Facebok’s proposed cryptocurrency network will take decades to implement: “This is not going to… Read More
Libra lead David Marcus told an audience at Money 20/20 USA in Las Vegas this week that, due to the system’s use of a transparent “blockchain” ledger, Facebook’s proposed in-app (crypto)currency system will manage anti-money laundering (AML) more effectively than current payment systems, Finextra reports. “If… Read More
Facebook is reportedly considering the use of national currency-pegged stablecoins for its upcoming Libra project. David Marcus, head of the Libra initiative for Facebook and CEO of Calibra, a company developing a wallet service for the social media firm’s cryptocurrency, stated that Libra might use… Read More
Simon Morris, Head of Product at Facebook’s Libra coin project, departed his position in August. According to his LinkedIn profile, Mr Morris was appointed as Head of Product at Libra in April of this year. Libra (Calibra) lead David Marcus’ LinkedIn profile says he began… Read More
Paypal, one of the founding members of the Libra Association, has exited the controversial stablecoin project. Earlier, the Financial Times reported that the digital payments giant PayPal might be pulling out of the Facebook-led cryptocurrency project due to regulatory issues. This afternoon, WSJ.com has confirmed… Read More
It has been widely reported that the founding members of the Libra Association, Facebook’s stablecoin initiative, have scheduled a meeting to take place in Geneva, Switzerland on October 14th. As the crypto advocates gather, one has to wonder what is on the agenda. First reported… Read More
Facebook CEO Mark Zuckerberg has not committed to Libra’s planned launch next year. In an interview with Nikkei Asian Review on September 26, Zuckerberg was asked about the expected launch date of Facebook’s controversial Libra cryptocurrency. “Obviously we want to move forward at some point… Read More
David Marcus, a former PayPal executive now leading Facebook’s cryptocurrency project, Libra, has claimed on Twitter that the company’s proposed in-app global payments network will not threaten the monetary sovereignty of nations. The tweet was met with some skepticism, however. Regulators around the world have… Read More
Congresswoman Maxine Waters, the Chairwoman of the influential House Financial Services Committee, has issued a statement on her Bipartisan trip to Switzerland to learn more about Facebook’s plan to launch a stablecoin dubbed Libra. Facebook has incorporated Libra in the crypto-friendly jurisdiction of Switzerland like… Read More
On July 16, David Marcus, CEO of Facebook’s proposed currency project, Libra, told members of the U.S. Senate convened in a hearing that he expected the Swiss Federal Data Protection and Information Commissioner (FDPIC) to regulate financial privacy on Libra. The non-profit Libra Association is… Read More
Facebook has added the services of two lobbying firms specializing in financial services to its squad of existing lobbyists to try and curry favour for Libra, Facebook’s proposed cryptocurrency project, among regulators in Washington, Politico reports. According to to the outlet: “Facebook has also been… Read More
Last week, both the US House and US Senate held hearings on Facebook’s proposed Libra cryptocurrency which is envisioned as a global payments platform. David Marcus, Head of Libra/Calibra testified at both hearings. As Crowdfund Insider has already reported, both the House Financial Services Committee… Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it and agree to our terms of service.Ok