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Bitcoin Well Is Bringing The Lightning Network To Canadians

May 28, 2024
x min read
Bitcoin Well Is Bringing The Lightning Network To Canadians

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:

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

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by Bitcoin Well for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of Bitcoin Well without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

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