Revolut Partners with Lightspark to Launch Bitcoin Lightning Payments in Europe
Digital bank Revolut is collaborating with Lightspark to enable bitcoin transactions on the Lightning Network for customers in the U.K. and select EEA countries. This integration aims to reduce transaction fees and processing times for crypto users.
Main points:
- Timeline for feature launch not specified by Lightspark.
- Lightspark provides backend infrastructure for real-time global payments.
- The Lightning Network allows near-instant, low-fee transactions on the Bitcoin blockchain.
- Revolut's crypto general manager emphasized the goal of faster and more affordable financial services.
- Revolut joins fintech firms embracing faster, crypto-native payment systems.
- Strike processed $6 billion in payments last year, highlighting demand for efficient crypto transactions.