Nubank announced this week the appointment of David Marcus, an expert in cryptocurrencies, as a new member of the board of directors of the digital bank. Marcus is CEO and co-founder of Lightspark – a startup focused on Bitcoin and Lightning Network, a solution that enables instant payments with cryptocurrency.
In addition, the United States executive was responsible for idealizing the failed project of Meta’s cryptocurrency (when it was still Facebook), Libra (which later became Diem). Marcus also helped create the Novi crypto wallet, which would be used to power Diem.
On his Twitter account, the executive celebrated his arrival on the board of Nubank:
“I am very happy to join Nubank’s board of directors. Nubank is one of the largest and fastest growing digital financial services platforms in the world and has incredible potential ahead. I am excited to share this journey with this incredible team!” he wrote him on the date of appointment.
According to fintech, on the board of Nubank, the executive will focus on expanding the company. This includes, for example, acting in fintech’s multi-country, multi-product and multi-segment strategy.
As highlighted David Vélez, CEO and founder of Nubank, Marcus has an “impressive career” at the intersection of financial services and consumer technology.
“He brings unique perspectives on how to develop consumer and financial products for a truly global scale,” said Vélez in a note.
In addition to the former Meta, the fintech board has members Anita Sands, Daniel Goldberg, Doug Leone, Jacqueline Reses, Luis Alberto Moreno, Thuan Pham, Rogério Calderón and David Vélez, chairman of the group.
David Marcus’ path to Nubank
As previously mentioned, Marcus was one of the co-creators of the Diem project, having also been responsible for creating the Calibra digital wallet (which became Novi). Prior to that, he served as President and Vice President of PayPal for a period of three years.
An economics graduate of the University of Geneva, Marcus joined Facebook in 2014 as the head of Messenger and helped introduce payment services to the platform.
In 2018, he became the head of Facebook’s blockchain operations, when he started Libra and the Calibra wallet. Finally, in 2020, Marcus became the head of Facebook Financial. The last achievement of the executive was, therefore, the launch of the Novi portfolio in October 2021.
As reported by CriptoFácil, at the end of that year, the executive announced that he would leave Meta, after spending seven years at the company.