Digital Currency Head announces farewell to Facebook

 Digital Currency Head announces farewell to Facebook

 Desk Report December 2, 2021 10:16 | 2 minutes print can be read in a short time

David Marcus digital currency chief announces farewell to Facebook forever,

David Marcus,

David Marcus, the head of digital currency, has announced the launch of Facebook. This time, Facebook has launched digital currency Libra.

 David Marcus joined as Vice President. He later announced that he would leave Facebook at the helm of the company's digital currency project. Experts say the introduction of Facebook cryptocurrency will radically change global banking services

Marcus was leading the project,

Marcus was spearheading a project to build Facebook's digital currency, Diem, and a wallet app, Novi. His departure would put the financial technology division of Meta Platforms in jeopardy, according to a report. Facebook officially announced its cryptocurrency on Tuesday

The cryptocurrency named Libra has been signed by Facebook with a dozen companies, including Visa MasterCard, PayPal and Yuba.

Facebook also experimentally creates its own digital wallet and currency to strengthen its position in the cryptocurrency market. Facebook has objected that it is not 'reliable' to do business in the digital currency sector

 Many Western lawmakers. Marcus said his colleague Stephanie Casriel would replace him.

The world's financial transactions will be covered by blockchain technology,

If Facebook cryptocurrency is successful, soon all financial transactions in the world will be covered by blockchain technology. In a Facebook post, he said, "There is still a lot to do after Novi opens up, and I'm just as excited about the need for a change in transactions and the financial system as ever.My entrepreneurial nature tells me to forget that. '

Blockchain data storage on the other hand,

 Facebook chief Mark Zuckerberg said: "Without your leadership, we would not have taken such a big step with Diem. I am grateful that you have turned Meta into an organization where we can make big bets. 'In this method information is stored in different forms one after the other in the form of a chain

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