Faster Bitcoin Payments using Lightning Network from Revolut

In the U.K. and certain European nations, Revolut is integrating Bitcoin's Lightning Network for quicker, cheaper BTC transactions.

Lightspark, managed by former PayPal CEO David Marcus, powers the integration.

No launch date has been given, but Revolut joins other fintechs using crypto-native payment technology.

U.K. digital banking platform Revolut plans to accept Lightning Network Bitcoin payments. UK and select EEA users will have access to the new functionality.

Removing Bitcoin's slower base blockchain will speed up and cut the cost of transactions.

Revolut is integrating with Lightspark, a payments infrastructure business run by former PayPal CEO David Marcus.

Lightspark links financial services to the decentralized "Money Grid" enabling real-time worldwide transactions.

Bitcoin's layer-2 Lightning Network lets users transmit tiny payments swiftly and cheaply. Revolut customers may bypass Bitcoin's main chain's higher charges and congestion by utilizing Lightspark's infrastructure.

The timeline is unknown.
Despite confirmation, the functionality has no launch date. Lightspark said in a blog post that it is integrating but did not disclose timetable.

Emil Urmanshin, Revolut's crypto general manager, said the move supports the company's objective of speedier and cheaper financial services. “Integrating with Lightspark is natural,” he remarked. “Their global transaction approach lets us do that.”

Part of Fintech Trend
Revolut is one of several fintech startups using Bitcoin's Lightning Network to facilitate crypto payments. The Lightning Network-using Bitcoin payments app Strike processed over $6 billion last year, according to its CEO.

Revolut's integration reflects a move toward blockchain-based payment systems that decrease costs, enhance efficiency, and expand access across borders.

#FOMCMeeting #BTCBreaks99K #BitcoinReserveDeadline #BinanceLaunchpoolSXT $BTC