In light of a recent spike in Bitcoin confirmation times, Xapo Bank has integrated the Lightning Network for payments of up to $100.
On March 2, Xapo officially announced a partnership with the Lightning Network infrastructure platform Lightspark, which allowed the firm to implement Lightning on its platform.
The integration enables faster and cheaper transactions on Xapo, reducing blockchain confirmation waiting times and transaction fees on the original Bitcoin network. According to the firm, Xapo Bank members will now be able to instantly pay for small purchases of up to $100 at any vendor accepting Lightning payments. High-volume transactions are initially not supported with the integration.on Feb. 27 as part of a new update for Xapo bank’s apps on the Apple Store and Google Store.
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