Revolut to Enable Bitcoin Lightning Payments in Europe in Collaboration with Lightspark

By: finance magnates|2025/05/08 00:00:06
0
Share
copy
Revolut is collaborating with Lightspark to enablepayments via the Bitcoin-based Lightning Network, a move that aims tostreamline crypto transfers for users across the UK and select Europeancountries. With traditional blockchain payments often considered slow andcostly, the two firms expect this partnership to enable real-time,crypto-native infrastructure in fintech. Addressing Delays in Bitcoin Transfers Revolut’s upcoming feature will connect users to theLightning Network using Lightspark’s backend infrastructure. This network actsas a secondary layer on top of Bitcoin, allowing transactions to be settled innear real-time while avoiding the congestion and fees often associated with thebase blockchain. Lightspark, founded by former PayPal executive DavidMarcus, has positioned itself as a gateway to what it calls the “Money Grid”, adecentralized system for instant global payments. Through this setup, Revolutaims to enhance its crypto offerings by allowing smoother Bitcoin transfers. While the companies have not specified a launch date,the collaboration puts Revolut among a growing number of financial technologyfirms embracing faster crypto-native payment rails. The move echoes a broadertrend in the industry, as firms seek to build infrastructure that can rivaltraditional banking speed and cost efficiency. Lightning Network Popularity The Lightning Network, once a niche solution forBitcoin purists, is now gaining traction as fintech platforms like Strike, whichreported $6 billion in volume last year, prove its commercial viability. By adopting Lightspark’s infrastructure, Revolutsignals its intent to compete not just in crypto custody and trading, but inactive transaction processing. Users in the UK and European EconomicArea will soon be able to send BTC with a few taps, skipping delays andslashing fees. This step reinforces Revolut’s ambitions in crypto andunderscores a shift in how digital banks approach Bitcoin, not just as aninvestment asset, but as a functional currency for everyday payments. Expect ongoing updates as this story evolves. Revolut is collaborating with Lightspark to enablepayments via the Bitcoin-based Lightning Network, a move that aims tostreamline crypto transfers for users across the UK and select Europeancountries. With traditional blockchain payments often considered slow andcostly, the two firms expect this partnership to enable real-time,crypto-native infrastructure in fintech. Addressing Delays in Bitcoin Transfers Revolut’s upcoming feature will connect users to theLightning Network using Lightspark’s backend infrastructure. This network actsas a secondary layer on top of Bitcoin, allowing transactions to be settled innear real-time while avoiding the congestion and fees often associated with thebase blockchain. Lightspark, founded by former PayPal executive DavidMarcus, has positioned itself as a gateway to what it calls the “Money Grid”, adecentralized system for instant global payments. Through this setup, Revolutaims to enhance its crypto offerings by allowing smoother Bitcoin transfers. While the companies have not specified a launch date,the collaboration puts Revolut among a growing number of financial technologyfirms embracing faster crypto-native payment rails. The move echoes a broadertrend in the industry, as firms seek to build infrastructure that can rivaltraditional banking speed and cost efficiency. Lightning Network Popularity The Lightning Network, once a niche solution forBitcoin purists, is now gaining traction as fintech platforms like Strike, whichreported $6 billion in volume last year, prove its commercial viability. By adopting Lightspark’s infrastructure, Revolutsignals its intent to compete not just in crypto custody and trading, but inactive transaction processing. Users in the UK and European EconomicArea will soon be able to send BTC with a few taps, skipping delays andslashing fees. This step reinforces Revolut’s ambitions in crypto andunderscores a shift in how digital banks approach Bitcoin, not just as aninvestment asset, but as a functional currency for everyday payments. Expect ongoing updates as this story evolves.

You may also like

Popular coins

Latest Crypto News

Read more