David Marcus, CEO of Lightspark and co-creator of Diem, Meta’s failed cryptocurrency project, explained his intentions of turning Bitcoin into a global payments network. Marcus explained that there was no universal protocol for sending value over the internet and that we were still in the “fax era” of global payments.
Lightspark CEO David Marcus Wants to Get Payments out of the ‘Fax Era’
David Marcus, CEO of Lightspark and co-creator of the defunct Diem cryptocurrency project, has talked about how Bitcoin might become a global payments network. In an interview on CNBC’s Squawk Box, Marcus detailed the need for a universal platform to allow money transfers to be as easy as text or video communication using today’s messaging apps.
When consulted about the need for a global payment system, Marcus stated that we are still in the “fax era” of payments, with no universal way of transacting money from one place to another without using common fintech apps in a fragmented mar
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