The feature aims to cut transaction fees and payments processing time for crypto users, Lightspark said in a blog post .
By connecting to the network through Lightspark, Revolut users will be able to circumvent the congestion and high fees of the base blockchain to send BTC faster and more efficiently,
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DigitalbankRevolutisworkingwithLightsparktorolloutbitcoin(BTC)transactionsonLightningNetworktocustomersintheU.K.andselectcountriesintheEuropeanEconomicArea(EEA).
Thefeatureaimstocuttransactionfeesandpaymentsprocessingtimeforcryptousers,Lightsparksaidinablogpost.Whenaskedinanemail,thecompanydidn’tspecifythetimelineforwhenthefeaturewillgolive.
Lightspark,ledbyformerPayPalexecutiveDavidMarcus,providesbackendinfrastructureforconnectingtowhatitcallsthe“MoneyGrid”—adecentralizednetworkforreal-timeglobalpayments.
TheLightningNetworkisalayer-2systembuiltontopoftheBitcoinblockchainthatallowsnear-instant,low-feetransactions.ByconnectingtothenetworkthroughLightspark,Revolutuserswillbeabletocircumventthecongestionandhighfeesofthe
