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 May 11, 2023 at 4:05 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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 an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Author placeholder image

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


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.