Coinbase Exec David Marcus Leaves For Facebook: Is Facebook Embracing Crypto?

Cryptocurrencies are financial tools and assets that are sidestepping the importance and function of banks in the big picture. Every day more and more businesses and people know about the benefits of these assets and how can them help people to do transactions fast, easy and without the intervention of a third party certifying institution. But, mainstream adoption is still far. But that may change in the near future, because David Marcus, an important executive at Coinbase has left his post there to go work full time on the blockchain team at Facebook, a thing that may signal that Facebook is growing something big.
Marcus, who was initially a vice-president on Facebook went to work to Coinbase taking advantage of his prior expertise as a directive of Paypal, and his mission there was to help them apply their knowledge in cryptocurrencies to a secure and quick payment system. But later, he was named head of blockchain research at Facebook, and now it seems that things have gotten serious and he wants to dedicate full time to his new endeavor.
This could actually mean that Facebook is gathering their manpower to embrace cryptocurrencies as a mean of making transactions and payments using their vast user base and platform. Facebook’s CEO Mark Zuckerberg is no strange to cryptocurrencies, and he is smart enough to recognize an opportunity when he sees one. This could be one of the greatest things that can happen to cryptocurrencies that could propel them to mainstream
Using the already present platform of Facebook’s communication app, Messenger to massify cryptocurrencies and take them to the next level by letting users transact and pay for goods and services from within the social network could be a game changer. But, will Facebook introduce its own cryptocurrency like many startups do, or will they adopt bitcoin or other popular cryptocurrencies for this hypothetical solution? It all falls into speculation, but a monster company like Facebook could launch its own token.
Whether this will means something for the crypto world or not, it is still an important movement at the management level from these enterprises.

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