- Saylor has revealed that the software company is enterprise applications of Lightning.
- MicroStrategy’s rise was thanks to the hard work of Michael Saylor.
- Several crypto exchanges have started to utilize the Lightning Network.
Bitcoin evangelist Michael Saylor and his business intelligence firm MicroStrategy is undertaking a new project to spearhead the adoption of Bitcoin. On Saturday, September 3rd, the MicroStrategy executive chairman spoke at the Baltic Honeybadger conference in Riga, Latvia. He stated that the company is working on a solution to allow easy access for Lightning Network newcomers.
The Lightning Network is the Layer-2 scalability platform for Bitcoin that enables cheaper and faster transactions. Mr. Saylor strongly advocates for Lightning and has done work to support it. The Lightning Network is designed to enable faster and cheaper BTC transactions.
“MicroStrategy has got some R&D projects going on right now where we’re working on enterprise applications of Lightning: enterprise Lightning wallet, enterprise Lightning servers, enterprise authentication.”- Michael Saylor
There’s no doubt that Michael Saylor is the reason for the transformation of MicroStrategy from an average software company, into a cryptocurrency powerhouse. With the company now holding billions of dollars worth of Bitcoin, he is now moving to make the non-crypto part of the business work on bitcoin-related projects as well.
Saylor stated that the company is developing solutions to help enterprises introduce Lightning to tens of thousands of employees every day. Additionally, these solutions would open Lightning wallets for 10 million customers all at once.
Many people believe that the Lightning Network is the layer-two solution that will make bitcoin (BTC) more useful as a regular money transfer vehicle.
In recent months, several crypto exchanges have started to utilize the Lightning Network, including Robinhood, Kraken, Tauros, AAX, Paxful, and OKX. This follows earlier integrations by Bitfinex and Bitstamp.
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