While information today can be easily transferred over the internet via email or text, global payments have remained in the “fax era,” according to the former president of PayPal (NASDAQ:PYPL).
In a Sept. 11 interview with CNBC, David Marcus, the former PayPal executive and co-founder of Bitcoin Lightning-focused payment service Lightspark said he believes Bitcoin's Lightning network could solve the cumbersome process of sending money across jurisdictions.