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Coinbase embraces Bitcoin Lightning network to speed up transactions

03.04.2024, 22:11   10
Coinbase embraces Bitcoin Lightning network to speed up transactions

US-based crypto exchange Coinbase is finally integrating Bitcoin Lightning network after several promises by the exchange CEO Brian Armstrong.

In an April 3 statement, Lightspark, a lightning network-based payment infrastructure provider, revealed that it was selected by the crypto exchange to facilitate the integration of Bitcoin Lightning Network.

Lightspark has recorded notable success in simplifying Lightning node management. Its products, including SDKs, APIs, and developer tools, offer seamless integration with the Lightning Network. Moreover, its AI-based smart engine, Lightspark Predict, optimizes liquidity requirements in real-time to maximize transaction success rates.

The integration offers Coinbase several advantages, including allowing the exchange to leverage Lightspark’s node infrastructure while freeing its team to focus on customer-centric initiatives.

Moreover, the collaboration will positively impact the Bitcoin network, particularly during increased transaction fees, by enhancing scalability and transaction efficiency. It also lays the groundwork for future use cases by providing liquidity to the Bitcoin network.

Shan Aggarwal, Coinbase’s VP of Corporate & Business Development, said:

“We’re excited to partner with Lightspark to eliminate payment barriers and enable faster and cheaper Bitcoin transactions through support for the Bitcoin Lightning Network.”

This integration is pivotal for BTC, given the increasing demand for streamlined Bitcoin transactions amidst surging prices.

The post Coinbase embraces Bitcoin Lightning network to speed up transactions appeared first on CryptoSlate.



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