{"id":374750,"date":"2021-12-01T08:30:01","date_gmt":"2021-12-01T05:30:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/metas-head-of-crypto-to-step-down-at-end-of-year\/"},"modified":"2021-12-01T08:30:01","modified_gmt":"2021-12-01T05:30:01","slug":"metas-head-of-crypto-to-step-down-at-end-of-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/metas-head-of-crypto-to-step-down-at-end-of-year\/","title":{"rendered":"# Meta’s head of crypto to step down at end of year"},"content":{"rendered":"

“# Meta’s head of crypto to step down at end of year <\/strong>”
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David Marcus, the head of Meta\u2019s cryptocurrency and fintech unit Novi, will step down from his role by the end of 2021.<\/p>\n

Taking over from Marcus will be Stephane Kasriel, the former CEO of Upwork who has been at Meta, formerly known as Facebook<\/a>, since August 2020. <\/p>\n

Marcus announced the decision via a Dec. 1 tweet<\/a>, noting that he had made the \u201cdifficult decision\u201d to leave the firm by the end of this year. The exec didn\u2019t go into detail about what his next move would be, but hinted that it may be something \u201cnew and exciting\u201d that he builds himself: <\/p>\n

\u201cWhile there\u2019s still so much to do right on the heels of launching Novi \u2014 and I remain as passionate as ever about the need for change in our payments and financial systems \u2014 my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it.\u201d<\/p><\/blockquote>\n

Marcus has worked at the company since 2014, initially taking up a role in the firm\u2019s messenger service branch before shifting his focus to financial services in 2018 by founding Meta\u2019s digital wallet Novi (which also bears the same name as the fintech unit) along with co-founding the beleaguered Diem stablecoin project which now operates independently. <\/p>\n

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Today is bittersweet, sad to see @davidmarcus<\/a> leave @Meta<\/a>, grateful for his leadership and belief in me as the new Head of Novi. https:\/\/t.co\/nxDNlywqVw<\/a><\/p>\n

\u2014 Stephane Kasriel (@skasriel) November 30, 2021<\/a><\/p><\/blockquote>\n