Startups

The Facebook executive in charge of the company's cryptocurrency push just quit – The Washington Post


Marcus was recruited by CEO Mark Zuckerberg in 2014 from PayPal to help lead Facebook’s Messenger app. In 2018, the company put him in charge of its cryptocurrency efforts, and a year later it unveiled Libra, the original name of the project to use a cryptocurrency to facilitate international money transfers. Politicians objected, and the company agreed not to launch Libra until it got regulatory approval in the United States. Other companies, including eBay, PayPal and Visa, that had originally signed on in support of the project pulled out.



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