Facebook Considering Currency-Backed Stablecoins For Libra

Following the departure of several major backers of Facebook’s Libra cryptocurrency, Reuters is reporting the social media giant is considering a compromise. Initially, Facebook proposed a synthetic unit for the cryptocurrency. The company’s efforts have been met with widespread suspicion…

Designed From the Ground Up To Be a Great Medium Of Exchange, Says Facebook Calibra Head

Today we’re sharing plans for Calibra, a newly formed Facebook subsidiary whose goal is to provide financial services that will let people access and participate in the Libra network. The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology.

Cluttered Facebook Messenger Could See Big Changes in 2018

If you are starting to feel that the Facebook Messenger app seems to be too overloaded with features, then you are not the only one. Apparently, even Facebook’s vice president of messaging products David Marcus had to admit that, indeed,…

Facebook Messenger Surpasses 900M Users, Gets New Features (With Business Potential)

Facebook Messenger lead David Marcus made some new announcements for the product on Thursday. First off is a new milestone with Messenger achieving over 900 million monthly active users. That’s an addition of about 100 million in about three months.…

Facebook Messenger Gets Message Requests

Facebook announced that it’s rolling out Message Requests for Messenger. It calls this a “foundational development” in the sense that the company will continue to build on the functionality to improve the way people find each other. Essentially, it’s a…

Sounds Like Facebook Messenger’s Payments Feature Won’t Be Around For A While

A payments feature in Facebook Messenger has been expected since at least last summer. In June, Facebook hired PayPal President David Marcus to run its messaging unit. The following month, the company reported its earnings for the second quarter, and…

New PayPal President David Marcus Talks About Past, Present & Future

In case you’d like to know a bit more about the new president of PayPal, eBay’s Richard Brewer-Hay posted an interview with David Marcus on the eBay Ink blog for that very reason. News of Marcus’ appointment to the President…

David Marcus Named PayPal President At eBay

PayPal has a new President, and his name is David Marcus. He’s been with the company since last year. He came over when PayPal acquired Zong, and became PayPal’s VP of Mobile. eBay CEO John Donahoe writes on the PayPal…