Coinbase Unveils Lightning Network: New Opportunity for Users
Date: 2024-05-01 Author: Oliver Abernathy Categories: BUSINESS
Cryptocurrency exchange Coinbase is entering the era of instant transactions with support for the Lightning Network installed on their platform in partnership with Lightspark.
Long-awaited update after CEO statements
After nine months since CEO Brian Armstrong announced his intention to integrate the Lightning Network, Coinbase is finally bringing the technology to its platform.
Lightning Network integration will reduce the cost of sending bitcoins worldwide by 20 times, reducing average transaction fees to 0.1% and enabling instant transfers within the network.
Increased economic freedom for users
The exchange representative emphasized that the integration of the Lightning Network expands economic freedom, making Bitcoin more useful and accessible to all users in the world.
Initially, Coinbase users will be able to withdraw a maximum of $2,000 with a withdrawal fee of no more than $2, making the new feature convenient and accessible.
The integration of Coinbase's Lightning Network opens up new horizons for users, giving them the ability to conduct instant transactions with low fees and providing economic freedom in the world of cryptocurrencies.
