Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership – Bitcoin News

to integrate the Lightning Network, according to an announcement sent to Bitcoin.com News. The company, founded in 2013, detailed that its clients can now pay for small purchases of up to $100 at any vendor that accepts Lightning Network payments. Additionally, Xapo is offering interest-bearing U.S. dollar bank accounts, with plans to soon offer the same for bitcoin. Xapo CEO Seamus Rocca believes that using the Lightning Network can help clients avoid long wait times and higher onchain fees.

“The average transaction confirmation time of one hour combined with potentially large fees during periods of high usage make the Bitcoin network unsuitable for small daily payments such as groceries,” Rocca said in a statement. “By integrating with the hyper-efficient Lightning Network, we are the first bank in the world to streamline this process and allow our members to pay for small purchases with bitcoin without having to convert to USD first.

At the same time, Jack Dorsey’s payments firm, Block, launched a new Lightning Network service provider called “.” The c=venture notes on the website that it is partnering with wallets, businesses, and Lightning nodes. During the Xapo-Lightspark announcement, Rocca said that “against a backdrop of hyperinflation, economic uncertainty, and political turmoil,” the demand for bitcoin payment integrations continues to grow.

“We’re delighted they chose Lightspark’s enterprise-grade solution to reliably send and receive payments on the Lightning Network without all the complexity and operational overhead that typically comes with running a node on it,” Marcus said. At the time of writing, the Lightning Network has a total capacity of 5,421.53

LN is a good thing for mass adoption

he's just crazy

Wow. Finally this day has come! 👍

GoldmanSachs get with the game

Hard!

+BNBB too myy portfolio

Who got how much to take?

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