After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land. Today, the former Messenger boss and Paypal executive offered some early details on his next company Lightspark, which will be building on Bitcoin’s Lightning network. A short press release notes that the startup is aiming “to explore, build and extend the capabilities and utility of Bitcoin.”
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Ex-Meta crypto chief David Marcus launches Bitcoin payments startup backed by a16z and Paradigm
The timing for the reveal could have been better as Bitcoin and the broader crypto market have sustained massive losses in recent days. A prolonged crypto bear market could mean reduced investor interest and a smaller potential hiring pool.
