Bitcoin Suisse partners with Worldline for lighting network payments

Wednesday 10 November 2021 14:26 CET | News

Switzerland-based financial company Bitcoin Suisse has enabled its customers to process payments through the Bitcoin Lightning network.

The Bitcoin Lightning Network is a second-layer solution on the Bitcoin blockchain that uses smart contracts. As a result, users avoid high fees and can process transactions in milliseconds. According to a Bitcoin Suisse Pay representative, this introduction could play a decisive role in the scaling of crypto applications and promote their transition to a mainstream application.

In order to enable lightning-fast payments with Bitcoin, the bank is cooperating with the digital payment service provider Worldline. A Wordline Crypto Payments representative states that the company plans to introduce technological innovations to promote sustainability and that this goal can be implemented by aggregating transactions before mining on the blockchain, which also lowers the energy costs per payment processing.

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Keywords: product upgrade, cryptocurrency, blockchain, Bitcoin
Categories: Banking & Fintech
Countries: Switzerland
This article is part of category

Banking & Fintech