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After his departure from the board at Coinbase, David Marcus commented to BI via a Facebook representative on the move,

“Because of the new group I’m setting up at Facebook around blockchain, I’ve decided it was appropriate for me to resign from the Coinbase board.”

Facebook isn’t alone in potentially pursuing an online payments platform that uses blockchain and a messenger service. While they have a lot of money to work with, their reputation is far from stellar at the moment. A series of scandals has plagued the company, and whether or not the public will trust Facebook with their money is an important question for them to address.

@peakdemand

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