-
Coinbase integrates Bitcoin’s Lightning Network in partnership with Lightspark
Today’s global payments system is far too slow and expensive to adequately serve people across the world. For example, U.S. consumers paid an estimated $75 billion in credit card transaction fees in 2022 alone and many transactions in the U.S. still take days to clear. Blockchain technology is enabling faster, more secure payments at much lower costs than traditional finance. With the Lightning Network integration on Coinbase, the cost of sending BTC globally is 20 times less than the average 2% charged on credit card transactions and a fraction of the $30 paid for wire transfers. The future of payments is crypto ... (full story)