Bitcoin

Read

Squawk

Light

<div class="coingape"> 
 <h2 id="the-global-payment-conundrum">The Global Payment Conundrum</h2> 
 <p><span style="font-weight: 400;">Marcus emphasized the need to turn Bitcoin into a global payment network, comparing the current state of global payments to the early days of email communication.&nbsp;</span></p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div> 
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <blockquote> 
  <p><span style="font-weight: 400;">“We are still in the fax era of global payments and that is what we (Lightspark) are attempting to solve”&nbsp;</span></p> 
 </blockquote> 
 <p><span style="font-weight: 400;">He pointed out that while it’s easy to connect with people worldwide through email or messaging apps, sending money across borders is challenging due to the lack of a universal protocol for money on the internet.</span></p> 
 <p><span style="font-weight: 400;">Comparing the current traditional international payment system Marcus said, “So if you were to send money to people you would have to get a bank account number and to walk to a bank and pay $50 through an international wire and if it after Friday 5 PM, then tough luck”</span></p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/11/7e58ad9c1a42839a3662e4795facbe5e.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/11/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [UPDATED]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/11/538437580b529f127562491e7213369a.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
     </div> 
     <h6 class="mb-4"> Best Crypto Exchanges and Apps September 2023 </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/11/8f32e5e326a5041be0cd38c65f5c51f1.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
     </div> 
     <h6 class="mb-4">Top Meme Coins to Buy Now: What You Need to Know</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/10/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <p><span style="font-weight: 400;">Marcus highlights the importance of this endeavor, noting that the existing fintech apps, like Venmo, are limited in their ability to facilitate cross-border payments seamlessly.</span></p> 
 <p><span style="font-weight: 400;">All fintech apps require both parties and the software’s local availability for the processing of payments successfully, hindering seamless global transactions.</span></p> 
 <p>Marcus explains that text messages require just the phone number of the receiver and the communication occurs without the need for a special platform. The <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> Lightning Network is the solution and Lightspark envisions making <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> payments as smooth as texting.</p> 
 <p>Also Read:&nbsp;Digital Asset Outflow Dampen Sentiments With Bitcoin Suffering Most</p> 
 <h2 id="the-future-with-bitcoin">The Future With Bitcoin</h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p><span style="font-weight: 400;">Talking about the volatility in <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price makes it unfit to become a daily use currency, the CEO emphasized that their goal is not necessarily to position <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> as a currency for everyday transactions.&nbsp;</span></p> 
 <p><span style="font-weight: 400;">Instead, they envision <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> functioning as a settlement layer, allowing users to exchange fractions of <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> quickly and efficiently on the Lightning Network.&nbsp;</span></p> 
 <p><span style="font-weight: 400;">The approach of exchanging fractions of <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> enables users to send various currencies, such as dollars, Japanese Yen, or Euros, using <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> as the underlying settlement infrastructure.</span></p> 
 <p><span style="font-weight: 400;">David Marcus’s insights in the Squawk Box interview shed light on Lightspark’s mission to revolutionize global payments by leveraging the Lightning Network’s potential.&nbsp;</span></p> 
 <p><span style="font-weight: 400;">Lightning Networks aims at making cross-border transactions easier, more efficient, and cost-effective, to usher in a new era of global payments in the world of cryptocurrency.</span></p> 
 <p>Also Read:&nbsp;Top Analyst Predicts Ethereum Price Prediction Before <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> Halving</p> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-payments-can-be-as-smooth-as-texting-lightspark-ceo-tbt62308.html">https://thebittimes.com/bitcoin-payments-can-be-as-smooth-as-texting-lightspark-ceo-tbt62308.html</a></p>

Bitcoin Payments Can Be As Smooth As Texting: Lightspark CEO

Table of Contents

TheBitTimes

Other articles published on Sep 11, 2023

XRP Price Prediction as $0.50 Level Fails to Hold – Will XRP Keep Falling?

NFL Rivals Hits Record Daily Active Users After Game of the Day Feature

JPMorgan’s Hunt for Wealth, Banks Faced $1.55T Deposit Drains

Ripple's XRP Plummets: Analysts Guide Crypto Community to Gauge the Loss

Crypto Market Selloff: Here's Why Crypto Prices Falling Sharply

BTC Price Analysis: Will Death Cross Snip Bitcoin’s $25K Lifeline?

Join our free newsletter for daily crypto updates!