Marathon Digital is seeking to collaborate on the development of a Bitcoin L2 cross-border payment solution.

According to Cointelegraph, Bitcoin mining company Marathon Digital is seeking to work with blockchain developers to build a Bitcoin L2 cross-border payment solution. Julian Duran, the company's head of sidechain products, revealed this information at the Bitcoin 2024 conference on July 26. Duran said that cross-border payments are "the biggest use case for blockchain, especially Bitcoin." He pointed out that in emerging markets, the average cost of overseas remittances is 8% to 10% of the transaction value, and settlement usually takes 3-4 days. In contrast, Bitcoin transfers are usually completed within 10 minutes, and second-layer solutions may be faster. Marathon also focuses on the field of physical asset tokenization (RWA), and has begun planning tokenized whiskey barrels in the United States and working with an RWA platform to protect French castles.