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Money David Marcus: "Father" from Facebook's digital currency is

04:26  02 december  2021
04:26  02 december  2021 Source:   t3n.de

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of the former PayPal boss David Marcus, who was the driving force behind the digital currency developed by Facebook leaves the Group. He pretend to actively want to be active as an entrepreneur.

Ex-Paypal-Boss David Marcus. © Facebook Ex-PayPal-Boss David Marcus.

The 48-year-old David Marcus initially led to Facebook since 2014 the chat service Messenger - and was then entrusted by founder Mark Zuckerberg with the development of its own digital currency. However, the project presented in 2019 was received by politics and central banks with a violent counterwind and scarcely comes from the spot.

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of the Facebook Group, who changed his name to Meta, had developed the digital money under the leadership of Marcus, but then left control of an association based in Switzerland. Marcus was most recently responsible for Facebooks Wallet - a digital purse. The wallet was renamed Calibra in Novi and the name of the digital currency changed from Libra to Diem. While there can be digital wallets of different providers, according to previous plans in Meta services such as WhatsApp and Messenger only the in-house wallet should be used.

central bankers and politicians have been worried, among other things, that a new digital currency cluttered the global currents and destabilized the financial system. In view of their pressure, there were already drastic changes to the concept. Originally it was planned that Libra / Diem is hedged with a basket of different currencies and government bonds. Thereafter, Libra units have been proposed, which are firmly coupled to individual national currencies. In addition, measures against money laundering and terrorist financing have been improved. However, the steps were not enough to clear the resistance to Diem. dpa

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