David Marcus Launches Lightning Network Growth Startup

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Former head of the payments division of Meta, David Marcus, has announced the launch of Lightspark, a new company focused on expanding the use of Bitcoin.

The company has been backed by many major investors including Andreessen Horowitz, Paradigm, Coatue and Matrix Partners.

According to Marcus, the company is gathering in the first stage a team to study and develop the Lightning Network protocol.

Lightspark plans to create an infrastructure for companies, developers and merchants to conduct transactions through the Lightning Network.