Marcus Shifts from Meta's Stablecoin to New Startup Using Bitcoin for Faster Money Transfers

Lightspark cofounder David Marcus plans to use bitcoin to settle global money transfers in real time after leading Meta's failed stablecoin project.
Marcus admits his previous crypto project with Facebook was too ambitious in trying to replace governments' control of currency.
Lightspark will build on top of Bitcoin to speed up international payments, earning fees on transactions.
The company sees Bitcoin as "neutral internet money" with enough liquidity and regulatory clarity to connect different currencies.
After past crypto hype and scandals, founders like Marcus now have more realistic plans to work within the financial system.

businessinsider.com

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9/12/2023

PayPal Co-Founder Bullish on Lightning Network But Not Bitcoin for Payments

Bitcoin bull David Marcus, CEO of Lightspark, believes that Bitcoin will not become a popular payment method, but instead sees its potential in the Lightning network, which aims to be a universal protocol for money on the internet using fiat currencies.