Brazil-based digital financial institution Nubank has added former Meta and PayPal government David Marcus to its board of administrators, the place he’ll contribute to Nubank’s worldwide growth. Nubank, which lately launched its personal cryptocurrency as a part of an incentive advertising program, has greater than 70 million prospects in Mexico, Brazil and different nations and can be creating a Web3 technique. Marcus, who’s now CEO of cryptocurrency startup Lightspark, was head of blockchain initiatives at Meta, together with a management position within the Diem stablecoin undertaking. Diem was hit by almost fixed regulatory and political stress, and Meta finally offered Diem’s property to Silvergate Financial institution, which lately suspended the stablecoin undertaking. Marcus was additionally president of PayPal till becoming a member of Meta in 2014.-

—John Adams