Lightspark, a leading bitcoin Lightning Network payments company, has announced the launch of Lightspark Extend, its new solution that enables businesses to facilitate instant Lightning payments to eligible account holders in the United States.
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NOW AVAILABLE: Lightspark Extend connects Lightning to eligible US account holders in real-time. With Lightspark Extend, send seamless UMA-powered payments to eligible US recipients instantly and at a low cost. Learn more here: https://t.co/B2O0or8e9k image.twitter.com/F85VraLknl
— Spark of Light (@lightspark) twitter.com/lightspark/status/1828855110937784618?ref_src=twsrc%5Etfw”>August 28, 2024
Lightspark Extend integrates with Universal Money Addresses (UMAs) and Lightning-enabled wallets, exchanges, or bank accounts, providing a compliant and cost-effective solution for 24/7 payments. Compatible with over 99% of US banks that accept real-time payments, the platform enables businesses to offer their customers fast, low-cost transactions directly to eligible recipients.
Available in 120 countries, UMA simplifies sending value by using an easy-to-understand email address, eliminating the need to remember complex codes or passwords. The launch of Lightspark Extend now makes this feature accessible in the US, allowing recipients with accounts enabled for real-time payments to receive UMA-powered payments via bitcoin’s Lightning Network.
Lightspark further stated in the announcement that businesses interested in adopting Lightspark Extend can sign up for a UMA address, link eligible accounts, and begin receiving payments through an onboarding process facilitated by Zero Hash, a regulated U.S. financial institution.
The launch of Lightspark Extend marks another step forward in making instant, low-cost bitcoin payments more accessible to businesses and consumers across the United States, expanding the reach and utility of the bitcoin Lightning Network.
Just last week, Lightspark x.com/lightspark/status/1826681695388795068″>announced that Coinbase customers can now send bitcoin transactions of up to $10,000 instantly over the Lightning Network, thanks to their partnership.
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