How Facebook Quietly Built the Libra Project

Facebook’s march to launching their cryptocurrency started a few years ago with the hiring of David Marcus; even as the company was dealing with a number of crises the team behind Libra was being built under the radar; “I’ve been doing this for more than a year, like 20 hours a day, and I’m still wrapping my head around it,” said Kevin Weil, who moved from Instagram to become Facebook’s head of blockchain product in June 2018, the the FT; the team wasn’t sure if their work would materialize earlier this year according to reporting at the FT; Facebook’s decision to give up control looked to be the key change that helped to get partners on board; the company chose partners based on who could provide most value in the early stages of the project according to Marcus. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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