Lightspark Introduces Instant Bitcoin Lightning Payments for U.S. Businesses with New Feature

By Investor Empires On Aug 29, 2024

Lightspark, the leader in Bitcoin Lightning Network payments, It was announced Launching Lightspark Extend, a new solution that allows businesses to facilitate instant payments via Lightning for eligible account holders in the US.

🚀 Now Available: Lightspark Extend connects Lightning to eligible US account holders in real-time. With Lightspark Extend, you can seamlessly send UMA-powered payments to eligible US recipients instantly and at a low cost. Learn more here: https://t.co/B2O0or8e9k pic.twitter.com/F85VraLknl

— Lightspark (@lightspark) August 28, 2024

Lightspark Extend integrates with Universal Money Addresses (UMA) 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 allows businesses to offer fast, low-cost transactions to their customers directly to eligible recipients.

Available in 120 countries, UMA makes it easy to send value using a user-friendly email-like address, eliminating the need to remember complex codes or passwords. With the launch of Lightspark Extend now, this capability is now accessible in the United States, allowing recipients with accounts that support real-time payments to receive UMA-powered payments over the Bitcoin Lightning network.

Lightspark added in the announcement that businesses interested in adopting Lightspark Extend can sign up for a UMA address, connect eligible accounts, and start receiving payments through a registration process facilitated by Zero Hash, a regulated US financial institution.

The launch of Lightspark Extend represents another step forward in making instant, low-cost payments using Bitcoin more accessible to businesses and consumers across the United States, expanding the reach and utility of the Bitcoin Lightning Network.

Just last week, Lightspark It was announced Coinbase customers can now send Bitcoin transactions up to $10,000 instantly over the Lightning Network, thanks to their partnership.