Marathon Digital Looks for Collaboration to Develop Payments

Bittime - Marathon Digital is looking for partners to develop cross-border payment solutions using Layer 2 Bitcoin technology. Focused on efficiency and tokenization of real assets, the company is committed to innovation with the world's largest Bitcoin reserve.

Marathon Digital Looks for Collaboration to Develop Payments

Marathon Digital, a leading Bitcoin mining company, is seeking partners to develop cross-border payment solutions that use Bitcoin's Layer 2 technology, according to DeepChao TechFlow. Marathon Digital's Head of Sidechain Product Julian Duran revealed this information at the Bitcoin 2024 conference on July 26.

Focus on Cross-Border Payments

Cross-border payments are “the biggest use case for blockchain, especially Bitcoin,” according to Duran. He highlighted that overseas remittances account for an average of 8–10 percent of transaction value in emerging markets. 

Additionally, such transactions usually take three to four days to complete. In contrast, Bitcoin transfers can be completed in around ten minutes, and Layer 2 solutions can be even faster.

Marathon Digital Real Asset Tokenization

Marathon Digital focuses on cross-border payments and tokenization of real assets. The company is considering tokenizing whiskey barrels in the United States. Additionally, Marathon is working with the RWA platform to protect residences in France through tokenization of the asset.

Largest Bitcoin Holder Digital Marathon

Known as one of the companies with the largest Bitcoin reserves in the world, Marathon Digital holds around 20,000 Bitcoins worth more than $1 billion. The company has purchased around $100 million worth of Bitcoin in July 2024 alone, demonstrating their strong commitment to investing in digital assets.

Conclusion

Marathon Digital continues to innovate, they are looking for others to work with to create a cross-border payment system that uses Bitcoin's Layer 2 technology. This company tries to offer solutions that are faster and cheaper than conventional methods by prioritizing efficiency and lower costs. Additionally, research on real asset tokenization shows Marathon's desire to use blockchain technology in a variety of industries. These moves confirm Marathon Digital's position as a major player in the crypto industry, as they are one of the largest Bitcoin holders.

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