Cryptocurrency exchange Coinbase has integrated the Bitcoin Lightning Network to provide faster transfers.
Coinbase has begun supporting the Bitcoin Lightning Network, providing users the choice between Lightning and the Bitcoin network when transferring Bitcoin (, Coinbase customers can transfer Bitcoin more quickly and cheaply than transactions on the Bitcoin blockchain. To use the Lightning Network, the intended recipient sends an invoice consisting of a lengthy string of characters that Coinbase will recognize as the amount of the transfer.
"The key drivers in our decision were the continued growth and adoption of Lightning, maturity of the underlying technology and our goal to get onchain payments down to 1 second and costing 1 cent."Coinbase is among the world’s largest BTC exchanges. Many of its competitors have already added Lightning to their services. Binance added Lightning in July 2023, while Kraken added it in 2022, and Bitfinex in late 2019.
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