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March 29, 2019

Zebpay enables Lightning Network payments

Zebpay, a cryptocurrency exchange registered in Malta, has enabled Lightning Network payments for all its users.

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The Lightning Network is a ‘Layer 2’ payment protocol that operates on top of a blockchain-based cryptocurrency. It facilitates fast transactions between participating nodes.

The move will allow customers across the globe to use BTC wallet balances to make Lightning transactions.

Zebpay in an announcement said: “Crypto enthusiasts around the world can pay anywhere where Lightning is supported and buy virtually anything by identifying the store, copying or scanning the invoice of the product or service, and finalizing the payment — all within milliseconds.”

Compared to standard Bitcoin payments, Lightning Network payments have significantly lower fees. However, Zebpay noted that it will pay the fees for Lightning transactions.

Zebpay CEO Ajeet Khurana said: “Making Bitcoin technology widely accessible is a key component of our roadmap. Today, with the integration of the Lightning Network, we have taken yet another step in this direction.”

Zebpay provides with a maximum daily transaction value of 0.002 BTC and allows 10 transactions per day with minimum transaction value of 1 Satoshi.

Free Report
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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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