Major cryptocurrency payment service provider BitPay has added support for the Lightning Network (LN), Bitcoin’s (BTC) Layer-2 scalability solution, granting users access to a faster and cheaper method of transacting their BTC.
In an announcement shared with CryptoSlate today, BitPay co-founder Tony Gallippi noted:
“BitPay’s integration with the Lightning Network offers customers more choice and merchants more ways to be paid leveraging blockchain technology.”
Lightning, what is it good for?
The Lightning Network is a so-called Layer-2 payment and communication protocol built on top of the Bitcoin blockchain. The solution allows transactions to be processed off-chain, taking the load off the mainnet and improving the network’s scalability. As a result, payments made via the LN can be processed not only faster but also cheaper thanks to lower fees.
Following the integration with BitPay’s Payment Processing Platform, merchants can now receive transactions from crypto wallets
We współpracy z: https://cryptoslate.com/bitpay-integrates-lightning-network-to-enable-low-cost-bitcoin-transactions/
