MicroStrategy CEO Michael Saylor, a big Bitcoin maximalist and supporter, has signed another innovation.
Michael Saylor, co-founder and CEO of MicroStrategy, integrated Bitcoin's (BTC) Lightning Network into their corporate email address, making it possible for anyone to send Bitcoin to themselves using that email address.
Michael Saylor Integrates Bitcoin's (BTC) Lightning Network into Corporate Email
Saylor, an outspoken advocate of Bitcoin, has been steadily accumulating cryptocurrencies since August 2020, and MicroStrategy currently holds over 100,000 BTC in its treasury.
Lightning Network is a layer-2 solution that makes Bitcoin transactions faster and cheaper by routing them through a network of payment channels.
With Lightning, Bitcoin transactions can be executed instantly and at a much lower cost than traditional Bitcoin transactions.
Saylor integrates Lightning into the email address, making it easy for anyone to send Bitcoin to themselves without having to go through the tedious process of creating a traditional Bitcoin transaction.
Saylor has been a vocal advocate of Bitcoin, and the decision to integrate Lightning into the email address is just one of the ways to promote the cryptocurrency.
Saylor, in addition to holding a substantial amount of Bitcoin in MicroStrategy's treasury, is encouraging other companies to do the same.
He argued that Bitcoin is a superior store of value than traditional assets such as cash and bonds, and urged other CEOs to consider adding Bitcoin to their corporate assets.
Saylor's integration of Lightning into the email address also demonstrates the technology's potential to facilitate micropayments and other small transactions.
With Lightning, Bitcoin can be used for small transactions that were previously too expensive to make sense on the blockchain.
This has the potential to open up new uses for Bitcoin and make it more accessible to a wider range of users.
*Not investment advice.