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All issuesVolume 303, Issue 1IT NewsBlockchain

'Bitcoin And Nothing Else': Why Former Paypal, Meta Executive David Marcus Is Building On The Lightning Network

Bitcoin Magazine, Friday, June 9,2023

For nearly 25 years, virtually as long as online payments have been possible, David Marcus has been trying to figure out how to perfect them.

In the mid-'90s he founded a telecom company that offered internet access along with telephone service. In 2000, he launched Echovox, which he spun out into Zong in 2008 - a mobile platform that let users pay for things online directly through their mobile phone bills. When this venture was acquired by PayPal in 2011, Marcus joined the digital payments giant, becoming its president the next year.

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