November 27, 2022

Bitfinex Added Bitcoin Transaction Support Through Lightning Network

Bitfinex Added Bitcoin Transaction Support Through Lightning Network

Bitfinex has become the first major cryptocurrency exchange, users of which can use the Lightning Network when making bitcoin payments.

Paolo Ardoino, technical director of the trading platform, confirmed that from today customers can replenish their deposits and withdraw funds through a lightning-fast network.

The exchange claims that thanks to the innovation, customers were able to make instant bitcoin transactions and pay almost zero commissions for these operations.

Even though the second level Lightning Network solution is still is at the testing stage, its protocol has already successfully passed a formal security check and is considered the most promising way to improve the scalability of the PTS network.

According to Paolo Ardoino, LN is the best option not only for P2P payments, but also for payments between companies.

Bitfury holds the same viewThe Group, which began working with the HadePay payment service to help businesses accept payments through the Lightning Network, also has Twitter founder Jack Dorsey, who intends to integrate the solution into the Cash mobile payment application with seven million active users.