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The Bitcoin network can resolve the issues with the global payments system, thinks David Marcus, a former PayPal executive.
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Bitcoin (BTC) is trading at $26,150 after a 1.5% increase in the last 24 hours.
The leading cryptocurrency Bitcoin (BTC) holds undoubtedly several advantages over the existing financial system. The traditional system lags in such domains which includes transaction speed as well as fees. Many crypto enthusiasts call out the inherent flaw in the system and consider BTC a better option. A former PayPal executive reportedly compared global payments systems with the “fax era” in a recent interview.
During an interview with CNBC on Monday, September 11, 2023, David Marcus, who was president at PayPal said the traditional payments systems worldwide seem to be stuck in the age of fax while the information has its ways to be transferred through the internet.
Marcus also co-founded Lightspark, a payment service based on the Bitc
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