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On Friday (December 30, 2022), former Messenger head of Facebook and head of Crypto (and more specifically head of Novi digital wallet), David Marcus, shared his predictions for 2023. Did.
From May 2018 to December 2021, Marcus worked at Meta Platforms, Inc. (formerly known as Facebook, Inc.) on the Novi digital wallet project.
According to a CoinDesk report published on July 1, 2022, Meta said on Novi’s website that “Novi’s pilot will end soon” and that “Novi will be out of service after September 1st.” announced. According to the report, “After July 21st, the user will not be able to add money to his account nor will his WhatsApp account and Novi app on Novi be available.”
The CoinDesk report continues:
“Originally known as Calibra, Novi was Meta’s wallet for the libra stablecoin (later renamed diem) announced in June 2019. Novi has become a remittance pilot for crypto-based remittances in 2020, but never made it past the US and Guatemala.“
On November 30, 2021, Marcus announced on Twitter that he will be leaving Meta at the end of 2021.
Then, on May 12, 2022, Marcus announced on Twitter that he would create a new company called Lightspark to “explore, build and extend the capabilities and utility of Bitcoin,” starting with a focus on the Lightning Network. announced that .
Well, yesterday (December 30, 2022) Marcus published the following blog post:
“Interest rates will continue to rise through the first half of this year…Inflation will recede, but the risk of a full-blown recession will be very high…We expect this “crypto winter” to start in 2023, and possibly It won’t end until 2024.
“It will take years for the market to recover from the abuses of unscrupulous players and for responsible regulation to be implemented. Consumer confidence will also take years to rebuild, but ultimately, I believe this will be a beneficial reset for legitimate industry players in the long run…
“In cryptocurrencies, years of greed will make room for real-world applications. Gone are the days of creating tokens from scratch and creating millions of tokens… The Lightning Network has emerged as the world’s most effective open, interoperable and cheap real-time payment protocol. start to show potential.“
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