Coinbase Recruits Facebook Messenger VP

David Marcus was also president of PayPal in the past.

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The cryptocurrency exchange startup Coinbase announced the addition of a Facebook executive to its list of directors.

David Marcus is Facebook’s vice president of messaging products. He will bring years of experience in creating large-scale mobile products, according to a Coinbase announcement.

Mr. Marcus claimed that he has been attracted by digital currencies since 2012. He added that the technology has the potential to materially improve the lives of people throughout the world.

Also, he was previously president of the online payment giant, PayPal. First, the mobile payment startup he created was sold to eBay for about $250 million back in 2011.

CEO and co-founder of Coinbase, Brian Armstrong stated Marcus’ knowledge of mobile space and payments can help them achieving their mission. This is a really open financial system that can bring opportunity to people all around the world.

Coinbase is trying to fix its technical issues with this addition.

The announcement was made the same day that the exchange platform temporarily stopped trading for Ethereum and Litecoin. The reason was a major outage during the surging of prices for both digital currencies.

While Bitcoin’s price is also climbing up, Coinbase has is counting record numbers of new users. In addition, the platform’s iOS app has jumped to the top spot on Apple’s U.S.-based App Store.

Also read: Trump Invests $700 billion in Blockchain Study

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