David Marcus Predicts Bitcoin (BTC) Is on Track to Become a Major Player in Everyday Transactions

David Marcus, former PayPal (NASDAQ:PYPL) president and now CEO of Lightspark, says Bitcoin (BTC) is on track to become a major player in everyday transactions, and not just as a store of value.

Former PayPal (NASDAQ:PYPL) president and current CEO of Lightspark, David Marcus, sees Bitcoin (BTC) becoming a major player in everyday transactions, not just as a store of value.

During a CNBC interview, Marcus, also known for his role at Meta (NASDAQ:META) in setting up the Novi stablecoin project, discussed his vision for the next phase of digital money, which involves the integration of BTC into personal finances.

This vision, which Marcus believes is a natural progression of how the system is designed, will see a hybrid system where people use national currencies for daily spending while also holding and spending Bitcoin, which is earned through rewards or microtransactions and grows in wallets that people control.

"The way I see it playing out is you have your checking account, your bank account, and you're using that for daily spending with USD, euro, yen, or whatever currency in the country where you live," Marcus explained.

However, in parallel, he sees Bitcoin being integrated into wallets that people manage themselves, with balances accumulating over time and becoming spendable like cash.

"And then you have a Bitcoin wallet where you're accumulating Bitcoin points, small amounts of Bitcoin, through rewards programs or microtransactions, and slowly but surely, that Bitcoin balance grows in a wallet that you control and that you can use to spend just like cash in the real world."

Of late, the financial system, which took decades to build and moves trillions every year, is breaking down, the former PayPal president is convinced, pointing to outdated infrastructure and slow payment systems that do not match how fast today’s global economy actually moves.

His message to the old guard was clear: outdated systems like SWIFT are not built for what is coming. If this new infrastructure takes off, Bitcoin could end up doing for money what the internet did for communication.

From Marcus’s side, there is Lightspark, the company he leads, which is working on tech to make that possible, building on BTC and layering in tools like universal money addresses.

According to plans the top executive aired during the CNBC interview, these addresses will let people send money in different currencies between banks around the world instantly.