Bitcoin Suisse, a Switzerland-based crypto-financial services company, is today announced the availability of Bitcoin Lightning technology for its crypto payment solution.
The introduction of the second-layer Bitcoin solution will offer instant transactions at lower blockchain fees for consumers as well as merchants working with Bitcoin Suisse and its partner Worldline.
Lightning is a decentralized network based on Bitcoin’s second layer that uses smart contracts to create a secure network – allowing small value transactions at high speeds, eliminating high blockchain fees.
From today, merchants working with Bitcoin Suisse and Worldline, a European-based payments and transactional services company – will be able to accept transactions made via the Lightning Network.
Users will see the following benefits in the application and acceptance of Lightning-based transactions:
- Lightning-fast transactions measured in milliseconds with instant settlement
- Scalability and increased capacity thanks to the speed of the network
- Competitive blockchain fees independent of network utilization
“Secondary layer solutions like Lightning add important use cases to on-chain transactions and are crucial to scaling blockchain solutions. We will look into adding lightning support to additional services we provide at Bitcoin Suisse.”
– Niklas Nikolajsen, Founder and Chairman of Bitcoin Suisse
- 7
- Additional
- Allowing
- announced
- Application
- availability
- Bitcoin
- blockchain
- blockchain solutions
- Capacity
- cases
- chairman
- company
- contracts
- crypto
- crypto payment
- decentralized
- decentralized network
- Fees
- founder
- High
- HTTPS
- lightning
- Lightning Network
- Merchants
- net
- network
- offer
- partner
- payment
- payment solution
- payments
- platform
- scaling
- Services
- Share
- small
- smart
- Smart Contracts
- Solutions
- speed
- support
- Technology
- Transactions
- value