David Marcus wants to make Bitcoin's Lightning Network the global settlement layer for the internet
Quick Take
- Lightspark CEO David Marcus shares lessons learned from leading Meta’s Diem project and explains how Bitcoin’s Lightning Network could be a real-time settlement layer for the internet.
Episode 61 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Lightspark co-founder and CEO David Marcus.
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David Marcus is a renowned entrepreneur and executive in the tech industry known for his leadership roles at PayPal and Meta.
In this episode, Marcus unpacks how his latest venture, Lightspark, is helping transform Bitcoin's Lightning Network into a real-time global settlement layer for the internet.
Lightspark raised about $173 million last year at a valuation of almost $1 billion at the time, as reported by The Block.
Outline:
2:33 - David Marcus' Bitcoin journey
5:29 - Lightspark & Bitcoin
9:50 - Lightspark adoption
12:37 - Regulatory tailwinds for bitcoin
16:33 - Merchant payment innovation
23:25 - Lightspark’s partnerships
26:26 - SEN/SIGNET replacement
28:47 - Lessons learned from libra
40:21 - What’s next for Lightspark
43:43 - Closing thoughts
This episode is brought to you by our sponsors PayPal and CleanSpark.
About PayPal
Make your crypto move with PayPal. Get started today at PayPal.com/crypto
About CleanSpark
CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.
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