BitPay Merchants to Get a Boost From Lightning Network Payment Integration

The crypto payments provider on Wednesday announced immediate support for Bitcoin Lightning Network payments.

AccessTimeIconApr 6, 2022 at 2:48 p.m. UTC
Updated Apr 6, 2022 at 3:09 p.m. UTC

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Merchants on the BitPay platform can now receive payments from more than 100 Lightning-enabled wallets – Cash App and Strike among them – the company said in a statement.

  • The move will allow both merchants and customers to complete speedy, low-cost and scalable Bitcoin (BTC) transactions, the blockchain payment processing company said.
  • “BitPay’s integration with the Lightning Network offers customers more choice and merchants more ways to be paid leveraging blockchain technology,” BitPay co-founder Tony Gallippi said in the statement.
  • The Bitcoin 2022 conference is taking place this week in Miami, and the Lightning Network has been the big story so far. Yesterday, Lightning Labs announced $70 million in funding to bring the Taproot-powered “Taro” protocol to its platform.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

CoinDesk - Unknown

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.