Bitcoin Lightning Network Payments Hit Bitfinex in Industry First
Bitcoin Lightning Network Payments Hit Bitfinex in Industry First
A senior executive confirms users will be able to make Lightning payments from this week via a partnership with Bitrefill, with another announcement forthcoming.
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Cryptocurrency exchange Bitfinex has revealed the first of ii major upgrades it says will completely change user payments and spending habits.
In a tweet on December. 2, the platform'southward CTO, Paolo Ardoino, confirmed that every bit of Tuesday, it would support Bitcoin (BTC) transactions on the Lightning Network (LN).
The move is a starting time for a major cryptocurrency commutation, Bitfinex announcing information technology via its updates mailing listing.
Exchange eyes free and instant BTC payments
Users volition benefit from instant transactions and will pay almost zero fees to ship funds via Lightning. The reveal appears to correspond to the starting time of 2 mystery "integrations" Bitfinex announced on its website last month.
"Once this feature is unlocked, crypto transactions will never be the same over again," its description reads.
The 2d improvement remains unknown but appears to focus on spending, rather than exchanging cryptocurrency.
"When this feature is live, the way you lot spend crypto volition change forever," Bitfinex promises.
Lightning inches into mainstream
Lightning has been functional on the Bitcoin mainnet since the start of 2022. Designed to improve Bitcoin network capacity, the tool has received high-profile backing from the likes of Twitter CEO, Jack Dorsey, and others.
At the same time, its use remains reserved for the technically minded, as its nascent country makes it unsuitable for novice crypto investors.
Commenting on Bitfinex'south determination, Ardoino was clear about his preferences for Bitcoin scaling:
"LN and LN avails are not only the best P2P micro-payments solution, simply an impressive settlement layer for B2B."
Lightning company Bitrefill confirmed it would assist Bitfinex with deposits and withdrawals.
Source: https://cointelegraph.com/news/bitcoin-lightning-network-payments-hit-bitfinex-in-industry-first
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