For many, the Lightning Network has been viewed as Bitcoin’s answer to altcoins focused low transaction fees. It has the potential to provide the best of both worlds to cryptocurrency users in terms of payment functionality and liquidity.
There are solid reasons to believe the Lightning Network could completely replace the need for potentially-unsecure altcoins that allow for cheap on-chain transactions, and the first signs of this theory becoming reality have been found at online retailer Bitrefill (see this post for an explanation of the Lightning Network and how it may impact the altcoin market).
Bitrefill is a business that allows their customers to buy gift cards, prepaid phone minutes, and other digital goods with cryptocurrency. More recently, they’ve been helping build the infrastructure around Bitcoin’s Lightning Network.
In a recent appearance on The Bitcoin News Show, Bitrefill’s John Carvalho revealed that the Lightning Network now accounts for more payments to Bitrefill than any of the altcoins they accept.
US financial giant Wells Fargo is developing a US dollar-linked stablecoin that will run on the firm’s first blockchain platform. The so-called Wells Fargo Digital Cash is planned to facilitate internal cross-border settlements
The country’s Minister of the Economy and Finance, Bruno Le Maire, said in new comments that Libra threatens the “monetary sovereignty” of governments
The largest crypto exchange by volume is making its U.S. debut next week.
The Gemini exchange is launching an institutional-grade crypto custody solution, according to an announcement Tuesday.