Exciting news for Bitcoin enthusiasts in the United States (excluding New York)! Coinbase, the leading Bitcoin and crypto exchange, has officially integrated Bitcoin’s Lightning Network. This integration enables users to enjoy faster and cheaper BTC transactions, revolutionizing the way people engage with cryptocurrency.
Coinbase’s decision to embrace Lightning is a game-changer for the Bitcoin scaling solution. With Lightning, users can experience near-instant payments at a fraction of the cost by conducting off-chain transactions.
After years of development, Coinbase successfully implemented Lightning support, bringing their vision of a low-cost payments network to life. This move opens the doors to instant and affordable Bitcoin payments for their extensive user base in the US.
Teaming up with Lightning infrastructure provider Lightspark, co-founded by former PayPal executive David Marcus, Coinbase now allows users to withdraw or send Bitcoin via the Lightning Network. Transactions are lightning-fast and significantly cheaper compared to on-chain payments.
Dignitaries like David Marcus are thrilled about this collaboration, recognizing the impact it will have on millions of users worldwide. The integration of Lightning on Coinbase represents a significant milestone for Bitcoin and its community.
As one of the largest crypto exchanges globally, Coinbase’s decision to adopt Lightning speaks volumes about the network’s potential and the future of Layer 2 scaling solutions. This move underscores Bitcoin’s evolution into a global payment platform.
