Former Meta Lead Launches Bitcoin Lightning Company, Lightspark

• David Marcus, ex-Meta enforcement for Facebook Messenger, has announced the instauration of his caller company, Lightspark.
• Lightspark volition absorption connected building, exploring and creating connected the Bitcoin Lightning Network.
• Marcus notes his passionate content that led to this determination was the “need for alteration successful our payments and fiscal systems.”

David Marcus, Facebook Messenger’s erstwhile pb and erstwhile PayPal executive, announced the instauration of Lightspark, a institution focused connected building, exploring and creating connected Bitcoin’s Lightning Network, according to an announcement.

Marcus noted that Lightspark’s archetypal measurement volition beryllium the instauration of a squad dedicated to diving into the Lightning Network and that “Downturns are bully moments to absorption connected gathering and creating worth with mission-aligned people,” arsenic bitcoin’s terms presently sits astir $28,000.

Marcus volition service arsenic the CEO of Lightspark and a fig of ex-Meta, formerly known arsenic Facebook, executives volition besides clasp enforcement positions, according to a study from TechCrunch.

While details are sparse connected the products and services to beryllium offered by Lightspark, a database of investors was provided for the company’s archetypal circular which included: Thrive Capital, Coatue, Felix Capital, Ribbit Capital, Matrix Partners and Zeev Ventures. A16Z and Paradigm besides participated and co-led this round.

Marcus did remark connected the deficiency of accusation provided connected the company’s nationalist outline stating “We’re excited to dive into Lightning, larn more, and enactment alongside the community. We’ll stock much astir our enactment arsenic we marque progress!”

Marcus is credited with co-creating the stablecoin task Diem, formerly known arsenic Libra, that was yet canceled by Meta owed to regulatory pressures.

On November 30, 2021 Marcus announced that helium would beryllium leaving a seven-year committedness with Meta astatine the extremity of the year. At that infinitesimal successful time, Marcus gave america a glimpse that helium would beryllium entering the bitcoin ecosystem erstwhile helium said “I stay arsenic passionate arsenic ever astir the request for alteration successful our payments and fiscal systems.”