logo

Revolut partners with Lightspark for Bitcoin network integration

By: thepaypers|2025/05/08 20:15:02
0
Share
copy
This partnership aims to reduce waiting times and high network fees, offering simple transactions powered by open technology. Revolut is connecting to the Money Grid and joins other fintechs and wallets that offer new payment solutions, such as Lightning transactions or Universal Money Address (UMA). Revolut will remain dedicated to accelerating the development of the modern world of cryptocurrencies, as well as providing clients with secure and improved products. UMA utilises the Lightning network to enable users to send and receive money 24/7 in the currency they choose. UMA is open source, which means any wallet, exchange, or bank can integrate the standard and build new payment experiences. Improving the payment experience Lightspark is known for its enterprise-grade entry point to the Lightning Network, offering software and services designed to facilitate near real-time, low-cost Bitcoin and fiat transactions. Its SDKs, APIs, and developer tools aim to simplify user experiences and optimise transaction efficiency. Lightning transfers are payments taking place on the Lightning Network, a layer-2 protocol built on the Bitcoin blockchain. These kinds of payments allow near-instant and low-cost transfers of Bitcoin between parties, offering an alternative to traditional on-chain transfers. They also offer scalability through off-chain payment channels, global accessibility, and more privacy, as only the final state of the payment channel is recorded when it closes. By leveraging Lightspark, Revolut aims to make Bitcoin more usable in everyday life, focusing on offering faster and more affordable financial solutions, enabling more convenient global transactions. Lightspark believes that the future of money is real-time, low-cost, and borderless, which aligns with its operations and offerings. Traditional banks rely on slow or expensive payment systems, and the company wants to contribute to the widespread adoption of Money Grid, which enables instant, simple transactions.

You may also like

Zhou Hang, the founder of Yidao Yongche: Cryptocurrency has finally arrived at its time to shine

Cryptocurrency has not failed; it has simply targeted the wrong users over the past decade.

Who else cannot be distilled into skill?

Token Hundred Thousand Slaughter Yama

Who else cannot be distilled into skill?

Token Yama of Decimation

The huge shock in the South Korean cryptocurrency market: How should traders view it?

As the contradiction between the institutional capital inflow brought by the new government's "pro-crypto" policy and the tightening of retail infrastructure intensifies, this structural "information asymmetry" in the Korean market will persist for a long time, continuously giving rise to fleeting e...

From "Kimchi Premium" to Bithumb's Rectification: An Interpretation of the Current Situation in the South Korean Crypto Market

Market structure or information gap? — Why does the South Korean crypto market often make global traders "lag behind."

How to Automate Your Workflow with AI (No Code Required)

Let Perplexity Do the Work for You

Popular coins

Latest Crypto News

20:42

Metaplanet responds to JPX's new regulation consultation: respecting relevant procedures will not affect the advancement of the BTC strategy and ecological layout

Simon Gerovich, CEO of the Japanese Bitcoin listed company Metaplanet, posted on the X platform in response to the Japan Exchange Group (JPX) announcing the postponement of including companies with major assets in cryptocurrency into the index, stating that he respects the relevant procedures and wi...
20:42

Data: If BTC breaks through 70,172 USD, the cumulative short liquidation intensity on mainstream CEX will reach 775 million USD

According to Coinglass data, if BTC breaks through $70,172, the cumulative short liquidation intensity on mainstream CEX will reach $775 million. Conversely, if BTC falls below $63,962, the cumulative long liquidation intensity on mainstream CEX will reach $672 million.
20:42

Data: If ETH breaks through 2,145 USD, the cumulative short liquidation intensity on mainstream CEX will reach 498 million USD

According to Coinglass data, if ETH breaks through $2,145, the cumulative short liquidation intensity on mainstream CEX will reach $498 million. Conversely, if ETH falls below $1,947, the cumulative long liquidation intensity on mainstream CEX will reach $323 million.
20:42

10x Research: The issuance of USDT on Ethereum surpasses that on Tron, and ETH may become the main beneficiary of stablecoin growth

10x Research stated on platform X that ETH has performed poorly over the past five years, with trading prices remaining around the $2000 level reached in the previous cycle. Since November, low on-chain activity has limited ETH demand and value accumulation, leading 10x Research to maintain a cautio...
20:42

The State Taxation Administration of China: Encourages both banks and tax authorities to utilize technologies such as blockchain and privacy computing to innovate the "bank-tax interaction" model

Recently, the State Taxation Administration and the National Financial Regulatory Administration of China jointly issued a notice on "Further Deepening and Standardizing 'Bank-Tax Interaction' Work," which pointed out the need to deepen the application of bank-tax data.Standardize the content and me...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com