- Lightspark Extend enables instant Lightning payments for U.S. businesses, integrating with UMA and Lightning-enabled accounts.
- The service is compatible with over 99% of U.S. banks that accept real-time payments, offering fast, low-cost transactions.
- Businesses can onboard with Lightspark Extend via Zero Hash, a regulated U.S. financial institution, for seamless payment integration.
Lightspark, a prominent player in Bitcoin Lightning Network payments, has introduced Lightspark Extend. This new service enables businesses to facilitate instant Lightning payments for eligible account holders in the United States.
The service integrates with Universal Money Addresses (UMA) and Lightning-enabled wallets, exchanges, or bank accounts. Consequently, it offers a compliant and cost-effective solution for 24/7 payments.
Enhanced Payment Access
Lightspark Extend is compatible with over 99% of U.S. banks that accept real-time payments. Hence, businesses can provide customers with fast, low-cost transactions directly to eligible recipients.
UMA, available in 120 countries, simplifies the process by using a human-friendly address similar to an email. This eliminates the necessity of remembering complex codes or passwords.
Seamless Onboarding Process
With the launch of Lightspark Extend, recipients with real-time payments-enabled accounts can receive UMA-powered payments via the Bitcoin Lightning Network. Businesses interested in adopting Lightspark Extend can sign up for a UMA address. They can then link eligible accounts and start receiving payments through an onboarding process facilitated by Zero Hash, a regulated U.S. financial institution.
Expanding Bitcoin’s Reach
The introduction of Lightspark Extend marks a significant advancement in making instant, low-cost Bitcoin payments more accessible. It benefits both businesses and consumers in the United States, expanding the scope and utility of the Bitcoin Lightning Network.
Furthermore, Lightspark announced that Coinbase users may now send Bitcoin transactions worth up to $10,000 instantly via the Lightning Network owing to their partnership.
Lightspark’s launch of Lightspark Extend represents a pivotal development in the realm of digital payments. By simplifying and accelerating transactions, it positions itself as a key player in the future of instant Bitcoin transactions.
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