#650 Facebook’s Crypto Plans with David Marcus

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 1 September 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

David Marcus is the Head of Facebook Financial. He is the former president of PayPal and Vice President of Messaging Products at Facebook where he ran the Facebook Messenger unit from 2014 until 2018. In this conversation, we discuss bitcoin, stablecoins, Novi, digital wallets, Libra, Diem, financial regulation, trust issues, and the metaverse. ======================= Gemini is a leading regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy, sell, store, and earn bitcoin, ether, and over 40 other cryptocurrencies. Offering industry-leading security, insurance and uptime, Gemini is the go-to trusted platform for beginner and sophisticated investors alike. Open a free account in under 3 minutes at gemini.com/pomp and get $20 of bitcoin after you trade $100 or more within 30 days. ======================= MiamiCoin, the first CityCoin, is now live! Mining began on August 3rd, and the community has already generated over $1 million of protocol contributions reserved for the City of Miami. This is a community-launched program built on Bitcoin, and it’s far more than a currency: MiamiCoin is a protocol, and a platform for innovation. So, the CityCoins team is announcing something pretty cool: MiamiCoin Makers Month is a bringing together hackers, designers, and creators who are passionate about creating apps to benefit the City of Miami. $25k in total prizes will be awarded to developers who build the winning apps. And, the winners will be announced by Ryan Hoover, founder of Product Hunt, and Bored Elon Musk, everybody’s favorite pseudonymous Twitter inventor and blockchain enthusiast. Visit MiamiMakers.co to learn more and sign up to take part. =======================

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:07.4	podcast, simply the best podcast out there. Now let's kick this thing off. David Marcus is the head of
0:13.4	Facebook Financial. He's the former president of PayPal and the vice president of messaging products at
0:18.0	Facebook, where he ran the Facebook Messenger unit from 2014
0:20.9	until 2018. In this conversation, we discuss Bitcoin, Stablecoins, Novi, digital wallets, Libra,
0:28.3	Diem, financial regulation, trust issues, and the Metaverse. I really enjoyed this conversation
0:33.4	with David, and I hope you do as well. Before we get into this episode, though, I want to
0:37.9	quickly talk about our sponsors. First up is BlockFi. BlockFi provides financial products for
0:42.6	crypto investors. Those products include a high-yield interest account. They also include a U.S. dollar
0:47.6	loan product against your crypto collateral and a no-fee cryptocurrency trading platform. BlockFi
0:53.1	recently introduced a new product, the Bitcoin Rewards
0:56.5	Credit Card. It's a normal credit card that when you swipe, they pay you in Bitcoin back rather
1:00.3	than cashback or airline miles. You can go visit blockfi.com slash pomp today to start earning.
1:06.3	I'm an investor in the company. I'm a very, very happy user. I love the Bitcoin Rewards credit card.
1:10.7	I think you will too. Go to blockfi.com slash pomp today, and you can start earning
1:15.7	almost immediately. Next up is Choice. Choice is rebuilding the way you approach retirement, which
1:21.1	starts with making it simple to include Bitcoin and other cryptocurrencies and your
1:24.3	savings. More than 20,000 Bitcoiners, including me, have already signed up
1:28.3	to start investing. That's right, I have a self-directed IRA through choice. Whether we are
1:32.6	talking about crypto or stocks, Choice lets you trade real Bitcoin and Amazon in the same place, all without
1:37.7	paying a dime in capital gains taxes. And if you want to hold your private keys all the way to
1:42.1	the moon, you can do that too. Either way, choice choices on a mission to give you full control over your retirement savings.
	...

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