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David Marcus, the founder of Meta’s Novi Wallet and Diem Cryptocurrency, is stepping down.

David Marcus, the man behind Facebook's (now Meta's) Novi wallet project, has announced his departure from the business at the end of the year. Marcus has worked with Meta for seven years, starting as the VP of communications products in 2014 and eventually co-founding the Diem cryptocurrency and taking over Novi (formerly Calibra) in 2018. Marcus had previously worked in executive capacities at PayPal and had managed the growth of multiple businesses, including Echovox and Zong. Stephane Kasriel, Novi's current VP of product, has been elevated to the position of CEO.
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