While still a relatively-new technology, the Bitcoin Lightning Network offers distinct advantages for a wide range of business operations.
This is an opinion editorial by Matt Maraia, a CPA focused on how changes to accounting regulations impact the Bitcoin community.
Today, companies spend egregious amounts of money on credit card fees when processing customer payments, ultimately cutting into margins that are widely scrutinized by investors and management alike.
But the Lightning Network presents a new payment solution with the ability to process instantaneous payments (using Bitcoin) for virtually no fees. It boasts equivalent decentralized safeguards to the Bitcoin network, ultimately using Bitcoin’s blockchain, which has not been hacked since its inception in 2009. While doubt among the general public about bitcoin manifests itself in the asset’s price volatility, this innovative technology built on top of “Bitcoin rails” poses a unique opportunity for CEOs and
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