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19 September 2021

Paxful Integrates Lightning Network for Faster, Cheaper Bitcoin Transactions - Decrypt

Paxful Integrates Lightning Network for Faster, Cheaper Bitcoin Transactions - Decrypt


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Paxful Integrates Lightning Network for Faster, Cheaper Bitcoin Transactions.

Lightning Labs, the leading provider of the payments infrastructure, has provided technical support with the integration that will enable Paxful’s customers to use the Lightning Network to transact with each other or pay for goods or services listed on the platform.

With a median base fee of one satoshi (the smallest unit of Bitcoin), the Lightning Network mainly targets micropayments, opening up a host of use cases that would be too expensive if carried out on Bitcoin’s main network.

To add to the momentum, Substack, a popular online platform that allows writers to set up their own subscription-based newsletters, announced last month it would use the Lightning Network to accept Bitcoin for payments for crypto-related publications.

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