Prominent crypto exchange Bitfinex has announced a collaboration with Synonym to introduce a new feature that enables customers to purchase Lightning Network connections for instant deposits, withdrawals, and payments.
The Lightning Channel feature is offered through Blocktank, a platform operated by Synonym, a subsidiary of Tether Holdings Limited.
Bitfinex Teams Up With Synonym
According to a press release shared with CryptoPotato, Bitfinex customers utilizing Lightning nodes will be able to connect with the Blocktank node within the Bitfinex platform.
Previously, customers had to go through a complex process involving withdrawing their Bitfinex balance to their node, navigating intricate metrics, selecting a peer, and manually opening a channel. Another option was to search for external Lightning Service Providers or listings on liquidity marketplaces and purchase channels from them using their wallet.
The latest move would, however, eliminate these hassles and instead enable users
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