The Lightning Network is one of the most important protocols on the Bitcoin blockchain. And now, Bitcoin Well is bringing it to their Canadian users.
What’s happening:
- Bitcoin Well (TSXV:BTCW) has announced they have officially launched Lightning Network payments for Canadian users
How it works:
- Canadian users of Bitcoin Well’s Bitcoin Portal will be able to use the Lightning Network to instantly sell their Bitcoin holdings from their own wallet
- Bitcoin Well’s Bitcoin Portal is built entirely around self custody and now allows users to both buy and sell Bitcoin without taking on any custodial risk
Why it matters:
- The Lightning Network is one of the most important advancement for being able to use Bitcoin for rapid payments globally and has recently seen leading crypto exchanges such as Coinbase (NASDAQ: COIN) integrate the protocol into their platform
Going deeper:
- Bitcoin Well has been building a holistic ecosystem for accelerating Bitcoin ownership and self custody, with Bitcoin ATMs deployed across North America and significant user growth of their Bitcoin Portal technology platform
The intrigue:
- Bitcoin Well’s Bitcoin Portal platform even allows Canadians to pay bills directly through their Bitcoin holdings