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Bitcoin will bring global payments out of the ‘fax era' — Ex-PayPal boss

Published 09/11/2023, 07:43 PM
Updated 09/11/2023, 11:40 PM
© Reuters.
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While information today can be easily transferred over the internet via email or text, global payments have remained in the “fax era,” according to the former president of PayPal (NASDAQ:PYPL).

In a Sept. 11 interview with CNBC, David Marcus, the former PayPal executive and co-founder of Bitcoin Lightning-focused payment service Lightspark said he believes Bitcoin's Lightning network could solve the cumbersome process of sending money across jurisdictions.

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