BitPay Merchants to Get a Boost From Lightning Network Payment Integration

The crypto payments provider on Wednesday announced immediate support for Bitcoin Lightning Network payments.

By Michael Bellusci

Apr 6, 2022 at 2:48 p.m. UTC

Updated Apr 6, 2022 at 3:09 p.m. UTC

(John Sirlin/EyeEm via Getty images) — Photo taken in Phoenix, United States

Michael Bellusci

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

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Merchants on the BitPay platform can now receive payments from more than 100 Lightning-enabled wallets – Cash App and Strike among them – the company said in a statement.

The move will allow both merchants and customers to complete speedy, low-cost and scalable Bitcoin (BTC) transactions, the blockchain payment processing company said.
“BitPay’s integration with the Lightning Network offers customers more choice and merchants more ways to be paid leveraging blockchain technology,” BitPay co-founder Tony Gallippi said in the statement.
The Bitcoin 2022 conference is taking place this week in Miami, and the Lightning Network has been the big story so far. Yesterday, Lightning Labs announced $70 million in funding to bring the Taproot-powered “Taro” protocol to its platform.

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