Lightspark Introduces Instant Bitcoin Lightning Payments for U.S. Businesses with New Feature
Lightspark, a leading Bitcoin Lightning Network payments company, has announced the launch of Lightspark Extend, its new solution that allows businesses to facilitate instant Lightning payments to eligible account holder...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Lightspark, a leading Bitcoin Lightning Network payments company, has announced the launch of Lightspark Extend, its new solution that allows businesses to facilitate instant Lightning payments to eligible account holders in the United States.
🚀 NOW LIVE: Lightspark Extend connects Lightning to eligible US account holders in real-time. With Lightspark Extend, seamlessly send UMA-powered payments to eligible US recipients instantly and at a low cost. Learn more here: https://t.co/B2O0or8e9k pic.twitter.com/F85VraLknl
— Lightspark (@lightspark) August 28, 2024Lightspark Extend integrates with Universal Money Addresses (UMA) and Lightning-enabled wallets, exchanges, or bank accounts, providing a compliant and cost-effective solution for 24/7 payments. Compatible with over 99% of U.S. banks that accept real-time payments, the platform allows businesses to offer their customers fast, low-cost transactions directly to eligible recipients.
UMA, available in 120 countries, simplifies sending value by using a human-friendly address similar to an email, eliminating the need to remember complex codes or passwords. Lightspark Extend launching now makes this capability is accessible in the U.S., enabling recipients with real-time payments-enabled accounts to receive UMA-powered payments via the Bitcoin Lightning Network.
Lightspark further stated in the announcement that businesses interested in adopting Lightspark Extend can sign up for a UMA address, link eligible accounts, and start receiving payments through an onboarding process facilitated by Zero Hash, a regulated U.S. financial institution.
The launch of Lightspark Extend signifies yet another step forward in making instant, low-cost Bitcoin payments more accessible to businesses and consumers across the U.S., expanding the reach and utility of the Bitcoin Lightning Network.
Just last week, Lightspark announced that Coinbase customers can now send Bitcoin transactions up to $10,000 instantly through the Lightning Network, thanks to their partnership.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Japan’s biggest payment network opens its doors for crypto via Binance Pay
Japanese payment provider PayPay added Binance Pay on Sept. 30, letting eligible overseas visitors pay from their crypto balances...
Open USD Stablecoin Goes Live as Stripe, Visa and Mastercard Open It to Businesses
Open USD (OUSD), the dollar stablecoin backed by Coinbase, Mastercard, Shopify, Stripe and Visa, went live on Wednesday, its opera...
Aztec Revives Its Private Payments Wallet, Capping Every Transfer Below $2,500
Aztec Labs relaunched zk.money on Tuesday, bringing back its self-custodial wallet for private stablecoin payments on Aztec Networ...
Zano Network Stabilizes After 30-Day Blockchain Rewind
The Zano team announced on Tuesday that a hot fix has been applied and the “network is stable on the updated chain” following the...
Securitize joins the OUSD stablecoin network as a partner
Securitize's partnership with OUSD could streamline blockchain transactions, but its success hinges on converting partner growth i...
Coinbase builds financial accounts for super intelligence
Coinbase's AI-focused financial infrastructure could revolutionize autonomous transactions, potentially reshaping financial market...