Coinbase plans to integrate Bitcoin’s Lightning Network to
facilitate faster cryptocurrency payments on its platform. According to a comment by
the exchange’s CEO Brian Armstrong on the X platform, Coinbase supports the
efforts to enhance payments on the Bitcoin network through the Lightning Network.
Armstrong was responding
to a tweet by Jack Dorsey, the Co-Founder and former CEO of Twitter, who
criticized the exchange for allegedly ignoring Bitcoin and Lightning Network .
Lightning is a layer-2 payment platform on top of the Bitcoin network, which is intended to
facilitate faster transactions.
“We are looking
into how to best add Lightning. It is non-trivial, but I think it is worth
doing,” Armstrong said.” I am all for payments taking off in
Bitcoin.” He added that the US-based cryptocurrency exchange had onboarded
more users to Bitcoin than probably any other company globally.
Binance and Coinbase have been called out in the past for
not paying much attention to Lightning Network. However, Armstrong has
responded in the same way over and over to critics: that Coinbase was planning to integrate the network.
However, he has not provided much details about what users should expect from the
integration or the timelines.
On the…
