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.
Apr 6, 2022 at 2:48 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/3INT33B5BBCQLE6S75AATV3RSM.jpg)
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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.
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Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.
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Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.
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