In an interview on CNBC’s Squawk Box, David Marcus said he is committed to moving the world out of the “era of cross-border payments by fax.” According to Marcus, the company’s goal is to make Lightning “the universal protocol for money on the Internet,” just as text messaging has become the universal protocol for communication.
A Bitcoin shard is like a small packet of data on the Internet that is used to move value, Marcus noted. Users could send any currency they chose, including dollars, yen or euros, and a recipient elsewhere in the world could receive any money they chose. According to Marcus, Lightning acts as an intermediate layer of real-time settlement, reducing transaction costs.
“We are trying to turn Bitcoin into an international payment network. There is currently no universal protocol for money on the Internet that would allow the transfer of value,” said the head of Lightspark.
However, despite these efforts, Marcus made a surprising comment that Bitcoin is not a currency that people will use for purchases. He explained that the currencies transferred over the network will still be the fiat currencies that people know and use today.
Last year, Marcus said that Bitcoin will remain the leader in market capitalization of cryptocurrencies for several decades. Marcus is confident that Bitcoin will grow over time, since it does not depend on any government or organization.
Source: Bits
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