Coinbase, the largest cryptocurrency exchange in the USA, announced today that it supports the Bitcoin Lightning Network in cooperation with Lightspark.
Launched in 2017, Lightning Network is a Layer 2 protocol built on Bitcoin (BTC).
Stating that the future of payments is in crypto, Coinbase partnered with Lightspark and launched the Lightning Network to enable users to make faster, cheaper and safer payments.
“Starting today, Lightning Network support will begin to spread through Lightspark.
Enjoy instant, low-cost Bitcoin transfers.”
“Starting today, Coinbase is rolling out Lightning Network support to enable instant, low-cost bitcoin transfers. Users will have the option to choose between using Lightning for faster and cheaper bitcoin transactions or executing their transactions on the traditional Bitcoin network,” the statement said. “The integration furthers our mission to create a one-second, one-cent global payment system that provides affordable access to everyday financial tools.”
*This is not investment advice.