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The Pomp Podcast

#1247 David Marcus on How Bitcoin Will Increase Global GDP

Sep 25, 2023
48:47
Snipd AI
David Marcus, CEO & co-founder of Lightspark, discusses how outdated technology is constraining global GDP. Topics include building at Lightspark, stablecoins & bitcoin as payment options, and the transformative potential of real-time payments for the global economy.
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Quick takeaways

  • Existing archaic technology constrains global GDP; real-time payments could transform global economy.
  • Stablecoins and Bitcoin have the potential to optimize payments, enable efficient movement of value globally, and enhance interoperability between payment systems.

Deep dives

The constraint of archaic technology on global GDP

David Marcus, the CEO and co-founder of Lightspark, discusses how existing archaic technology is constraining global GDP. He emphasizes the need to remove obstacles that prevent money from moving globally in real-time, similar to how information flows on the internet. Marcus believes that this constraint can be addressed by developing a real-time standard for open payments and creating an efficient, reliable, and neutral settlement network. He draws parallels to Stripe's mission of growing the GDP of the internet and highlights the potential for transforming the global economy by enabling people to get paid in real-time for their work.

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