- The Lightning Network is being incorporated by more companies, including the likes of Meta, which is currently striving to develop its own stablecoin offering but is receiving backlash from the government
- CoinCorner has released the first contactless payment card for the Lightning Network; the card works like Visa and other fiat currency cards but utilizes Bitcoin and the Lightning Network for fast and low fee transactions
- LQwD has ten nodes on the Lightning Network, each growing in BTC capacity and value – the company anticipates continuing to strive toward scalability of BTC
The Bitcoin Lightning Network, a layer 2 payment protocol layered on blockchain-based cryptocurrencies that enable lightning-fast transactions and lower fees, is making headlines. One company, CoinCorner, has announced the launch of the first Bitcoin contactless payment card, powered by near-field communication (“NFC”) and the Lightning Network. “Making in-person payments with Bitcoin and Lightning is still not as efficient and user-friendly as we need it to be for the mass audience. It still involves unlocking a phone, opening an app, scanning a QR code, and then making the transaction,” CoinCorner CEO Danny Scott explained the reason behind the creation of The Bolt Card (https://ccw.fm/ZwpNF). “This is a backwards step when it comes to user experience in comparison to what we’re used to today for in-person payments.”
Citing Barclaycard’s data that 91% of in-person payments in the UK during 2021 were made using contactless payments, Scott added, “With contactless (‘NFC’) payments becoming more…
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