David Marcus, former PayPal President and current CEO of Lightspark, announced the launch of Spark, a new Bitcoin Layer-2 solution compatible with the Lightning Network.
Unveiled at Lightspark’s first partner summit, Lightspark Sync, Spark enables non-custodial use of Bitcoin and stablecoins, enhancing transaction speed and cost-efficiency.
The platform builds on Lightspark’s Universal Money Address (UMA) standard, introducing features like tipping, subscriptions, and invoicing over Lightning, while also integrating with legacy banking systems for broader accessibility.
Marcus aims to position Bitcoin as a global settlement layer, addressing Lightning’s complexity and reliability issues to make it enterprise-grade for institutions and banks.
Unveiled at Lightspark’s first partner summit, Lightspark Sync, Spark enables non-custodial use of Bitcoin and stablecoins, enhancing transaction speed and cost-efficiency.
The platform builds on Lightspark’s Universal Money Address (UMA) standard, introducing features like tipping, subscriptions, and invoicing over Lightning, while also integrating with legacy banking systems for broader accessibility.
Marcus aims to position Bitcoin as a global settlement layer, addressing Lightning’s complexity and reliability issues to make it enterprise-grade for institutions and banks.
6 days ago
