Ex-Meta Executive David Marcus Forms Company Focused on Bitcoin
- Marcus was co-creator of Facebook-backed digital coin, Diem
- New company, called Lightspark, raises $175 million in funding
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Former Meta Platforms Inc. executive David Marcus, who spearheaded the social giant’s digital currency efforts before departing last year, is launching a new company focused on building technology to promote Bitcoin.
The company, called Lightspark, will “explore, build and extend the capabilities and utility of Bitcoin,” Marcus wrote in a statement. The startup is creating infrastructure to support the Lightning Network, a crypto payments system designed to make Bitcoin transactions faster and cheaper.