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 <h2 id="strong-the-quest-for-universal-payment-protocol-strong"><strong>The Quest for Universal Payment Protocol</strong></h2> 
 <p><span style="font-weight: 400">David Marcus began his interview by highlighting a fundamental challenge in the digital era, which is the absence of a universal protocol for online money transfers. Unlike the traditional financial system, which relies on established protocols for currency exchange and international payments, the Internet lacks a standardized method for transferring money across borders.</span></p>  
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 <p><span style="font-weight: 400">Marcus asserted that <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>, with its decentralized nature and growing global acceptance, holds the potential to fill this void and become the universal protocol for online money. He believes that <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s unique properties, including its security and ability to function outside the control of any central authority, make it an ideal candidate for this role.</span></p> 
 <p><span style="font-weight: 400">When asked whether the price of <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> would rise if it became a widely used currency, Marcus offered a different perspective, stating that “<a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> is not the currency people will use to buy things.”&nbsp;</span></p> 
 <h2 id="strong-bitcoin-and-the-lightning-network-strong"><strong>Bitcoin and the Lightning Network</strong></h2>  
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 <p><span style="font-weight: 400">However, he highlighted that a fragment of BTC on top of Lightning is like a small packet of data on the internet only for a value that can be exchanged on the network for cross-border transfer payments at a very low cost.</span></p>  
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 <p><span style="font-weight: 400">What distinguishes Marcus’ viewpoint is his appreciation of <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s potential in conjunction with the Lightning Network. The </span><span style="font-weight: 400">Lightning Network</span><span style="font-weight: 400"> is a layer-2 scaling solution that addresses <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s scalability difficulties by enabling faster and cheaper transactions.&nbsp;</span></p> 
 <p><span style="font-weight: 400">By leveraging the Lightning Network, users can send <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> with significantly lower transaction fees compared to on-chain transactions. The Lightning Network also makes microtransactions more practical, opening up new possibilities for use cases such as online content monetization and pay-per-use services.</span></p> 
 <p><span style="font-weight: 400">As the crypto ecosystem continues to evolve, <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s adaptability and utility in various applications is becoming increasingly apparent. Whether as a store of value or a tool for </span><span style="font-weight: 400">cross-border transfers</span><span style="font-weight: 400">, <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s impact on the financial landscape is undeniable, and its journey is one that continues to captivate the interest of investors and enthusiasts around the world.</span></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/paypal-alumni-shares-ambitious-plans-for-bitcoin-btc-tbt62315.html">https://thebittimes.com/paypal-alumni-shares-ambitious-plans-for-bitcoin-btc-tbt62315.html</a></p>

PayPal Alumni Shares Ambitious Plans for Bitcoin (BTC)

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