Coinbase Rolls Out Lightning for Faster Bitcoin Transactions

Coinbase integrates Bitcoin's Lightning Network to enable fast, low-cost transactions for its U.S. users, excluding New York.
Coinbase Rolls Out Lightning for Faster Bitcoin Transactions
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Key Takeaways

  • Coinbase integrates Lightning Network for faster, cheaper Bitcoin transactions.
  • David Marcus highlights the significance of bringing Lightning to millions globally.
  • This integration excludes users in New York due to regulatory reasons.

Coinbase, a leading Bitcoin exchange, has implemented the Lightning Network to provide quicker and cheaper Bitcoin transactions.

This move affects all U.S. users, though New York residents are currently excluded.

Significant milestone achieved

David Marcus, co-founder of Lightspark and former PayPal executive, remarked on the importance of this development.

We’re so thrilled to be part of this journey with you to bring Lightning to 100s of millions of people in over 100 countries. Big milestone for the entire network and for Bitcoin.

Impact of the integration

Coinbase’s adoption of the Lightning Network signals a significant leap towards broader acceptance and usability of Bitcoin.

This Layer 2 solution promises to transform Bitcoin into an effective global payment system.

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