Cryptocurrency payment service BitPay reported that it does not plan to implement Lightning and Liquid solutions, sinceBitcoin payments still account for 95% of transactions.
According to representatives of the payment service,BitPay has no plans to implement Lightning and Liquid protocol support. Despite the fact that direct payments in bitcoin are often criticized for their low speed and high fees, they still remain the dominant type of payments on the service.
“According to March this year, payments in BTCcontinue to lead in both volume and number of transactions. They make up about 95% of the total transaction volume on BitPay, in second place is BCH with a result of 2%. However, it is worth considering that BitPay has been working with Bitcoin for almost 9 years, but we added support for stablecoins less than a year ago, ”said Bill Zielke, Director of Marketing at BitPay.
According to Zelke, the service does not plan to addSupport for Level 2 solutions, such as the Lightning Network. However, he emphasized that the company is always considering new payment options and options, and relies on feedback from its customers. He also said that the use of stablecoins is constantly growing, although they still occupy a small share in the total volume of BitPay transactions.
“We launched PAX, GUSD and USDC support inlast year, and BUSD support this year. After that, transaction volumes in these stablecoins increased to almost 2% of the total transaction volume. We have successfully processed several thousand transactions with these coins, ”said Zelke.
According to BitPay’s marketing director,Recently, the volume of payments on the service has increased significantly, with users paying with cryptocurrencies for a wide variety of goods - from fruits and vegetables to online games. The fact that the volume of payments in cryptocurrencies is growing, the company reported back in February. In 2019, BitPay processed payments in BTC in the amount of $ 1 billion.
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