Key Takeaways
- Coinbase partners with Lightspark to integrate the Bitcoin Lightning Network.
- Lightspark's platform enables near real-time, low-cost Bitcoin transactions.
- The integration is expected to significantly impact the overall usage of the Lightning Network.
Coinbase has announced its partnership with Lightspark to integrate the Bitcoin Lightning Network into its platform.
This collaboration aims to provide Coinbase customers with instant, cheaper transfers and open doors for more cooperation between the two companies in the future.
Advantages of Lightspark’s platform
Lightspark has been developing its platform for nearly two years, aiming to be the best enterprise-grade entry point to the Lightning Network.
Its software and services enable institutions to engage in near real-time, low-cost Bitcoin transactions.
Lightspark’s SDKs, APIs, and developer tools simplify the integration of the Lightning Network, while its AI-based smart engine optimizes liquidity requirements and routing for high transaction success rates.
Benefits for Coinbase and the Lightning Network
Coinbase will utilize Lightspark’s remote-key signing implementation, allowing it to benefit from a scalable and reliable node infrastructure without the complexities of managing a large-scale Lightning implementation.
Shan Aggarwal, VP of Corporate & Business Development at Coinbase, expressed excitement about partnering with Lightspark to enhance the efficiency of the global financial system.
This integration is expected to significantly impact the overall network usage of the Lightning Network, especially with the rising price of Bitcoin.
