We’re still in the “fax era” when it comes to transferring money overseas, says Lightspark CEO and former PayPal president David Marcus. But he believes Bitcoin’s Lightning network can change that.
While information today can be easily transferred over the internet via email or text, global payments on the other hand, have remained in a “fax era," according to the former president of PayPal.
“If you were to stop [someone] and wanting to communicate with them you could ask them for an email address and you can email them easily the next minute [and] you could text them,” said Marcus.
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