1 year ago
Armstrong confirmed that Coinbase was looking into adding enactment for Bitcoin Lightning portion reassuring his enactment for Bitcoin payments.
Brian Armstrong, the CEO of Coinbase, confirmed that the crypto speech is “looking into” adding the Bitcoin (BTC) Lighting web successful its quest to dispersed crypto payments adoption crossed the globe.
On July 28, Armstrong addressed the crypto assemblage connected Twitter (rebranded to X), highlighting the imaginable of cryptocurrencies to amended planetary payments infrastructure. He further suggested:
“This volition instrumentality tons of enactment from each of us, Coinbase included, getting furniture 2's integrated, amended on-ramps, simpler UX/onboarding, etc.”Armstrong’s imaginativeness for planetary crypto payments was questioned by long-standing Bitcoin supports — including MicroStrategy laminitis Michael Saylor and Square CEO Jack Dorsey — fixed nary notation of Bitcoin successful the post, arsenic shown below.
The adjacent measurement for crypto is to marque payments instant and escaped globally.
This volition instrumentality tons of enactment from each of us, Coinbase included, getting furniture 2's integrated, amended on-ramps, simpler UX/onboarding, etc.
A magic threshold would beryllium getting the mean outgo nether 1 cent… https://t.co/IDWTHsZNUq
The Lightning Network aims to marque Bitcoin transactions faster and cheaper by allowing users to make off-chain transaction channels. While Saylor simply recommended integrating Bitcoin Lightning connected Coinbase, Dorsey questioned “what "crypto" is simply a amended wealth transmission protocol (than Bitcoin) and why?” After 5 days of silence, Armstrong responded to Dorsey, stating:
“Not definite wherefore you deliberation we’re ignoring Bitcoin - we’ve onboarded much radical to Bitcoin than astir apt immoderate institution successful the world.”Armstrong confirmed that Coinbase was looking into adding enactment for Bitcoin Lightning portion reassuring his enactment for Bitcoin payments. Dorsey acknowledged Coinbase’s relation successful spreading Bitcoin adoption and agreed to spouse with Armstrong successful putting resources into Bitcoin and furniture 2 technologies, adding:
“We privation an unfastened protocol for wealth transmission for the net that’s not controlled by a azygous individual, company, oregon government.”The unfastened treatment betwixt the 2 crypto entrepreneurs concluded with some pledging to beryllium connected the aforesaid team.
Related: Lightning Labs releases tools letting AI transact and clasp Bitcoin
On July 17, Binance completed the integration of Bitcoin Lightning Network wrong a period of sharing its volition to bash so.
Screenshot showing users tin prime "LIGHTNING" arsenic an enactment erstwhile depositing Bitcoin. Source: BinanceBinance has joined Bitfinex, River Financial, OKX, Kraken and CoinCorner arsenic the different salient exchanges to person embraced the Lightning Network.
Magazine: Chinese constabulary vs. Web3, blockchain centralization continues: Asia Express
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