Coinbase, one of the world’s largest digital currency exchanges, has added a new name to its board of directors. This name is David Marcus, one of the Facebook executives.
Facebook’s vice president of messaging products, David Marcus, will join Coinbase’s board of directors to pass on his years of experience in large-scale mobile products to the Coinbase team.
David Marcus, formerly president of online payments giant PayPal, thinks he has been “fascinated by cryptocurrencies since 2012” and that the underlying technology “has the potential to materially change the lives of people around the world.”
Marcus joined PayPal after David Marcus’ own mobile payments startup, Zong, was acquired by eBay for almost a quarter billion dollars in 2011.
Coinbase CEO and co-founder Brian Armstrong:
“David’s knowledge in both the payments and mobile industries will guide us in our goal of creating a fully open financial system that will bring opportunity to people around the world.”
Coinbase made this announcement the day it cut trading for Litecoin and Ethereum, which were on the rise at the time due to the “major blackout.”
While Bitcoin price is also on the rise, Coinbase The number of new users continues to break records continuously. In addition, the company’s iOS application is at the top of Apple’s US-based App Store.
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