Earlier this month, digital assets analysis firm Arcane research published a report on the state of the Bitcoin Lightning Network, in which it examined key factors behind the growing popularity of Bitcoin’s flagship Layer 2 scaling solution.
Speaking at the Bitcoin 2022 conference in Miami, Zap CEO Jack Mallers revealed that the company’s Lightning Network wallet, Strike, has partnered with leading global payment processors, including Shopify, NCR, and Blackhawk Network.
Lightning Labs, one of the leading developers of Bitcoin’s Layer 2 scaling solution Lightning Network, has announced it raised $70 million in its Series B funding round, which saw participation from a number of notable investors, including Valor, Goldcrest, and NYDIG, to name a few.
One of the leading digital payment service providers, Cash App, has just integrated the Lightning Network, a Bitcoin Layer 2 solution allowing for drastically cheaper and faster transfers. The update comes three years after Jack Dorsey, a CEO of Block, the company that owns and develops Cash App, guaranteed that the Lightning implementation is not a question of if but when.