David Marcus, the leader  overseeing Facebook’s cryptocurrency ambitions, has quit. His statement noted : “After a fulfilling seven years at Meta, I’ve made the difficult decision to step down and leave the company at the end of this year.

While there’s still so much to do right on the heels of hitting an important milestone with Novi launching — and I remain as passionate as ever about the need for change in our payments and financial systems — my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it. The one thing I’m the proudest of during my time here is the amazing kickass team we’ve assembled over the last three years. This is the most resilient, passionate, determined and talented group of humans I’ve ever worked with. I find comfort and confidence in knowing that they will continue to execute our important mission well under Stephane Kasriel’s leadership, and I can’t wait to witness this from the outside. I know there’s greatness ahead.

I’ll keep a special place in my heart for some of the most fun and stimulating years of my life building Messenger with so many talented people. In turn, the Novi years were the most mission-driven and intellectually stimulating ones.

I’m incredibly grateful to Mark for the opportunity and privilege to share a bit of the journey over the years. I’ll keep lifelong memories and friendships from my time at the company, and I wish it well in the years to come.

I now look forward to having more free time in the months to come before I start building something new and exciting again.


He worked at paypal before joining Facebook in August 2014. Facebook now known as Meta in October 2021, launched Novi  digital wallet app in the US and Guatemala to facilitate rremittances with no fees.


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