Neutron Powers Lightning Network Integration for Cobo, Expanding Bitcoin Infrastructure Across Asia
Bitcoin Magazine Neutron Powers Lightning Network Integration for Cobo, Expanding Bitcoin Infrastructure Across Asia Lightning Network infrastructure provider, Neutron, is now working with Cobo, a digital asset custody p...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin Magazine
Neutron Powers Lightning Network Integration for Cobo, Expanding Bitcoin Infrastructure Across Asia
Lightning Network infrastructure provider, Neutron, is now working with Cobo, a digital asset custody platform, to integrate the Lightning Network into their custody platform, according to a press release sent to Bitcoin Magazine. This team-up will let Cobo’s clients make quick, cheap Bitcoin payments using Neutron’s Lightning Network API.
“We’re thrilled to partner with Cobo, a trusted leader in custodial services, to further accelerate Bitcoin infrastructure across Asia,” said Albert Buu, CEO of Neutron. “At Neutron, we are committed to providing enterprise businesses with easy and efficient integration into the Lightning Network, enabling next-generation global real-time settlement solutions. This partnership will not only drive innovation but also empower businesses across Asia with the fast, secure, and cost-effective benefits of Bitcoin payments.”
Neutron said it wants to make Lightning the backbone for modern Bitcoin use. The company’s API effectively helps businesses quickly use the Lightning Network, which is Bitcoin’s second layer built for fast, cheap payments — linking traditional money systems with Bitcoin’s global economy.
“This collaboration allows Neutron to power Lightning services for Cobo and its clients, enabling fast, low-cost Bitcoin payments and unlocking new possibilities for institutional adoption throughout the region,” Buu added.
This partnership comes at a time when Lightning Network adoption is gaining traction in various markets. By connecting Cobo’s custody services with Neutron’s Lightning infrastructure, both companies are addressing the growing demand for faster Bitcoin payment solutions in Asia.
Dr. Changhao Jiang, CTO and Co-Founder of Cobo, said about the deal: “At Cobo, we’ve built our custody platform to combine uncompromising security with the scalability institutions need to grow. Integrating Neutron’s Lightning Network API allows us to offer real-time, low-cost Bitcoin settlement at scale without compromising on trust or performance. Together, we’re laying the groundwork for faster, more efficient Bitcoin infrastructure across Asia.”
This post Neutron Powers Lightning Network Integration for Cobo, Expanding Bitcoin Infrastructure Across Asia first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
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
The Velocity of Value: How Blockchain is Reshaping Micro-Payments
Blockchain has opened up payment models that were awkward and/or uneconomic under older rails. This is especially true for digital...
Coinbase Launches Bitcoin Security Consortium to Shield $2T Network From Quantum Threats
Key Takeaways: Coinbase has announced the establishment of the Bitcoin Security Consortium along with BlackRock, Fidelity, Block a...
Ripple Launches Ripple Mint, Unlocking Scalable RLUSD Access for Global Institutions
Key Takeaways: Ripple has introduced Ripple Mint, a solution for institutional RLUSD management. Stablecoins can be conducted both...
EU Adds HTX to Russia Sanctions Two Months After UK's Action Against Crypto Networks
The European Union has added cryptocurrency exchange HTX to its latest package of sanctions against Russia, expanding efforts to r...
DeFi’s next institutional hurdle is deciding who can be trusted to price real-world assets
DTCC now runs a tokenization trial with roughly 40 firms, including JPMorgan, Goldman Sachs, BlackRock, Vanguard and the NYSE, to...
BPI plans stablecoin payments pilot to enhance remittances for Filipino workers
BPI, Southeast Asia's oldest bank, plans a stablecoin settlement pilot with Meridian to cut costs and speed up $40 billion in annu...