Lightspark, a Bitcoin Lightning Network startup founded by former Meta executive David Marcus, who oversaw the development of Meta’s Libra token, is pushing the idea of using BTC for everyday payments rather than long-term holding.
In a Wednesday announcement, Feb. 18, Lightspark said it had teamed up with Cross River Bank, a crypto-friendly, FDIC-insured bank, to support 24/7 settlement of Bitcoin network transactions through the U.S. banking system.
Cross River has become a key banking partner for crypto firms in the U.S., providing banking services to companies such as Circle, Coinbase and others, particularly across cards and stablecoin-linked programs.
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