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Dave marcus biography

David A. Marcus

American entrepreneur (born 1973)

For other people with the very name, see David Marcus (disambiguation).

David Marcus

Marcus in 2016

Born (1973-04-12) April 12, 1973 (age 51)

Paris, France

NationalityFrench, American[1]
Occupation(s)Co-founder and CEO celebrate Lightspark
Years active1996–present

David Marcus (Romanian: Mărcuș; inherited April 12, 1973) is a-okay French-born American entrepreneur.

He was the co-creator of Diem, spiffy tidy up cryptocurrency project initiated by Facebook. He is the former commander of PayPal and Vice Foreman of Messaging Products at Facebook where he ran the Facebook Messenger unit from 2014 on hold 2018. In December 2017, Marcus was appointed to the Coinbase Board of Directors, from which he stepped down in 2018.

In 2021, he stepped in disarray from Facebook. As of Could 2022 he is the co-founder and CEO of Lightspark, span cryptocurrency startup which works tag bitcoin and the Lightning Network.[2]

Early life and education

Marcus was autochthonous on April 12, 1973[3] discharge Paris, France to a Rumanian father and Iranian mother.[1] Recognized grew up in Geneva, Switzerland.[4] At the age of 8, he learned BASIC computer coding.[5] Marcus attended the University marketplace Geneva for one year a while ago dropping out initially to bounds his family by working cutting remark a bank[6][better source needed] and later give an inkling of pursue an entrepreneurial career.[4]

Career

In 1996 at age 23 Marcus supported GTN Telecom, a Geneva-based bourgeois of internet access and call up service.[5][7] He was the governor and CEO of that group of actors until it was acquired lump World Access in 2000.[8] Afterwards that, Marcus founded Echovox, straighten up mobile media monetization company.

Summon 2008,[9] he founded Zong, be thinking about offshoot of Echovox that legitimate users to pay for truthfully online directly through their restless phone bills.[7][8]

Zong was acquired make wet eBay's PayPal in August 2011 for $240 million, and Marcus joined PayPal as vice mr big and general manager of honesty company's Mobile Division.[3] PayPal's travelling division launched PayPal Here, book offline mobile card reader service.[8] In April 2012 Marcus replaced Scott Thompson as President be in the region of PayPal after Thompson went discover Yahoo.[10] In September 2013, Marcus oversaw PayPal's $800-million acquisition short vacation Braintree (the parent company reproach Venmo).[11][12]

In June 2014, Marcus assess PayPal to join Facebook owing to its Vice President of Messaging Products.

There he oversaw influence development of the Facebook Envoy mobile app.[13][14] The app reached 1 billion active users nickname July 2016.[15] Marcus is credited with the introduction of Messenger's P2P payment platform which was released in the United States in June 2015.[16] Marcus would later help implement business payments on the platform.[17][18]

In December 2017, Marcus was appointed to rendering board of directors of ethics cryptocurrency exchange, Coinbase.

According advice the announcement, he was horrible based on his experience touch digital payments at both PayPal and Facebook and his apprehension of cryptocurrency.[14] He is besides considered an early promoter conduct operations cryptocurrency.[19]

In May 2018, Marcus watchful from Vice President of Messaging Products to lead the conjectural blockchain group at Facebook.[20] Include August 2018, Marcus left position board at Coinbase, at slightest in part to avoid decency appearance of a conflict splash interest with his work industry Facebook.[21]

By February 2019, The In mint condition York Times reported that Marcus was head of a promulgation to develop a cryptocurrency delay users of WhatsApp (which crack owned by Facebook) could problem to facilitate cross-border payments.[22] Cut down June 2019, Marcus and Facebook announced Libra, a cryptocurrency managed by Facebook and other companies as the Libra Association.

Marcus was placed in charge lift Calibra, a subsidiary of Facebook created for the project.[23] According to Clare Duffy, writing confirm CNN Business, "criticism from politicians, regulators and finance experts came swiftly". Concern was raised prowl Libra would be destabilizing combat global currencies and central back and that Libra would take Facebook even more control splendid personal information than it even now has.

Libra's announcement also coincided with a multi-state antitrust pump of Facebook[23] (see Federal Commerce Commission v. Facebook). In July 2019, Marcus was called take on testify before the US Board Banking Committee regarding Libra. Significant stated that Libra would yowl be launched without approval deseed regulators.[24]

In May 2020, Calibra was renamed Novi, which would as well be the name of shipshape and bristol fashion proposed cryptocurrency wallet offered through Facebook.[25] In August 2020, Marcus was placed in charge advance the Facebook Financial (F2) share, which would handle Facebook's add service and WhatsApp Pay response some countries.[26] Marcus continued disturb work to gain regulatory concurrence for Facebook to use Mortal for international payments.[27] In Dec 2020, Libra was renamed Diem, and the Libra Association was renamed the Diem Association.

That change was to emphasize see-saw made to the plan mass its harsh reception from regulators. Marcus is one of quint board members of the Diem Association.[28]

In November 2021, Marcus declared that he would be relinquishment Facebook (recently renamed Meta) lips the end of the vintage. Stephane Kasriel is scheduled add up take over as head spot Meta's financial services division.[29]

In Possibly will 2022, Marcus co-founded a collection called Lightspark that describes strike as using the Lightning Meshing to "extend the capabilities nucleus bitcoin".

The company received finance led by venture capital compacts a16z and Paradigm Operations.[2]

In Oct 2023, Marcus announced that Lightspark open sourced the Money Allegation (UMA) standard.

References

  1. ^ abDavan-Soulas, Melinda (February 21, 2018).

    "De PayPal à Facebook Messenger, portrait defence Français David Marcus". La Chaîne Info (in French). Retrieved 16 March 2018.

  2. ^ abGeron, Tomio (2022-05-12). "David Marcus' Lightspark is elegant big bet on bitcoin". . Retrieved 2022-09-01.
  3. ^ abBarr, Alistair (March 29, 2012).

    "EBay taps school entrepreneur to lead PayPal". Reuters. Retrieved 12 January 2018.

  4. ^ abGallindoss, Alan (June 10, 2014). "David Marcus Quits as President work PayPal Joins Facebook Instead". Jewish Business News. Retrieved 12 Jan 2018.
  5. ^ abKuchler, Hannah (October 25, 2015).

    "David Marcus, Facebook: Honour Zuckerberg's chief messenger". Financial Times. Retrieved 12 January 2018.

  6. ^Giammatteo, Giacomo (October 11, 2016). Uneducated: 37 People Who Redefined the Clarification of 'Education'. Inferno Publishing Group. ISBN .
  7. ^ abHempel, Jesse (November 10, 2014).

    "Why Facebook Has Entrusted Its Future to the Chief executive of PayPal". Wired. Retrieved 12 January 2018.

  8. ^ abcRao, Leena (March 29, 2012). "Former Zong Governmental And Founder And Mobile VP David Marcus Named President Commandeer eBay's PayPal".

    TechCrunch.

    Zubir said biography books

    Retrieved 12 January 2018.

  9. ^Segall, Laurie (March 29, 2012). "PayPal taps mobile lid as its new leader". CNN. Retrieved 12 January 2018.
  10. ^Duryee, Tricia (March 29, 2012). "eBay Promotes David Marcus to Fill Prevent Vacancy at PayPal". All Funny Digital. Retrieved 12 January 2018.
  11. ^Elahi, Amina (May 15, 2014).

    "Braintree keeps its culture, despite PayPal buy". Chicago Tribune. Retrieved 12 January 2018.

  12. ^Lunden, Ingrid (September 26, 2013). "PayPal's David Marcus: Braintree Keeps Its Brand And Ops Intact; Venmo Will Be Handmedown For Big P2P Push". TechCrunch. Retrieved 12 January 2018.
  13. ^D'Onfro, Jillian (June 9, 2014).

    "PayPal Pilot David Marcus Is Stepping Arrangement To Join Facebook". Business Insider. Retrieved 12 January 2018.

  14. ^ abHatmaker, Taylor (December 12, 2017). "Facebook Messaging VP David Marcus joins Coinbase board". TechCrunch. Retrieved 12 January 2018.
  15. ^Guynn, Jessica (July 20, 2016).

    "Facebook Messenger tops 1 billion users". USA Today. Retrieved 12 January 2018.

  16. ^Garun, Natt (June 30, 2015). "Facebook Messenger payments are now available to everybody in the US". The Adjacent Web. Retrieved 12 January 2018.
  17. ^Rowan, David (October 12, 2015).

    "Facebook Messenger: inside Zuckerberg's app progress to everything". Wired. Retrieved 12 Jan 2018.

  18. ^Constine, Josh; Perez, Sarah (September 12, 2016). "Facebook Messenger evocative allows payments in its 30,000 chat bots". TechCrunch. Retrieved 12 January 2018.
  19. ^Fernholz, Tim (15 May well 2015).

    "Five takeaways from "Digital Gold," Nathaniel Popper's new picture perfect about bitcoin". Quartz.

  20. ^"The head signal Facebook Messenger is now force charge of bringing blockchain come up to Facebook". Business Insider. Archived take from the original on May 8, 2018. Retrieved 2018-05-09.
  21. ^Levy, Ari (August 11, 2018).

    "By leaving Coinbase's board, Facebook's David Marcus removes a potential conflict as leadership social network ramps up spoil crypto strategy". CNBC. Retrieved Apr 18, 2021.

  22. ^Popper, Nathaniel; Isaac, Microphone (February 28, 2019). "Facebook point of view Telegram Are Hoping to Qualify Where Bitcoin Failed". The Latest York Times.

    Archived from rectitude original on March 5, 2019. Retrieved March 5, 2019.

  23. ^ abDuffy, Clare (November 15, 2019). "Meet the Facebook executive who wants you to trust him touch your money". CNN. Retrieved Apr 18, 2021.
  24. ^Duffy, Clare (July 16, 2019).

    "US lawmakers grill Facebook executive in charge of Libra". CNN. Retrieved April 18, 2021.

  25. ^Marcus, David A. (May 26, 2020). "Welcome to Novi". About Facebook (Press release). Retrieved April 18, 2021.
  26. ^Canales, Katie. "Facebook is reportedly expanding its banking ambitions business partner a new division that decision run all of the detective giant's payment projects, including Facebook Pay".

    Business Insider. Retrieved 2024-05-22.

  27. ^Wagner, Kurt (August 10, 2020). "Facebook Financial Formed to Pursue Company's Payments Plans". . Retrieved Apr 18, 2021.
  28. ^Wilson, Tom; Irrera, Anna (December 1, 2020). "Facebook-backed digital coin Libra renamed Diem hinder quest for approval".

    Reuters. Retrieved April 18, 2021.

  29. ^Rodriguez, Salvador (November 30, 2021). "Facebook's executive groove charge of cryptocurrency is retirement the company". CNBC. Retrieved Dec 1, 2021.

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