Zebpay, a cryptocurrency exchange registered in Malta, has enabled Lightning Network payments for all its users.
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.
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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.”
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By GlobalDataZebpay provides with a maximum daily transaction value of 0.002 BTC and allows 10 transactions per day with minimum transaction value of 1 Satoshi.
