reply on: BitPay Merchants to Get a Boost From Lightning Network Payment Integration \ stacker news ~bitcoin

10 sats \ 1 reply \ @cryptocoin 6 Apr 2022 \ on: BitPay Merchants to Get a Boost From Lightning Network Payment Integration bitcoin

Here's another article on this:

Serving as a bitcoin payment processor for merchants since 2011, BitPay is one of the oldest companies in the cryptocurrency space.

“PacSun is excited to be one of the first BitPay partners to accept bitcoin payments using the Lightning Network,” said Michael Relich, the co-CEO of the retail clothing brand,

Bitcoin Payment Processor BitPay Announces Support For Lightning Payments https://bitcoinmagazine.com/business/bitpay-to-support-lightning-network

5 sats \ 0 replies \ @cryptocoin 6 Apr 2022

This benefits BitPay, of course, but with the network effect starting to roll, this helps all of the bitcoin ecosystem, as now there's another destination for a bitcoiner to spend, directly using Lightning network, and these LN payments will not consume on-chain transaction space in the bitcoin blockchain. This is a win-win!

There's been a lot of LN activity! Last week Kraken, the first major global U.S.-based exchange, announced they have added LN support for deposits and withdrawals:

Kraken Integrates Lightning Network Deposits & Withdrawals #17200 https://bitcoinmagazine.com/business/kraken-exchange-integrates-bitcoins-lightning-network