The article is like 90% filler content and the actual news is just one sentence which is the same as the title. We didn't get any details of what exactly they are doing, so judging from the title, it looks really weird - cryptocurrencies are already payment networks, how would they create a payment network for a payment network? And more importantly, why would people use it instead of sending BTC directly?
People here cheer it as some sort of progress, but I suspect it's an attempt to hijack the cryptocurrency movement, by creating this intermediary network that will be like a bank and a regulator.
They are totally confusing? Maybe they are making another mess, a new coin for example? Bitcoin is already enough, we don't need any other and the most important thing to do is push forward.
They just make confusions, leading new people that are interested in Bitcoin astray, in any case I will hold onto Bitcoin, these days more and more countries and powerful folks are somewhat entering the cryptocurrency market and creating their own.