Bitcoin (BTC-USD) payment service provider BitPay has enabled merchants on its platform to receive payments from 100+ digital wallets on the Lightning Network, CoinDesk reported Wednesday. The move will enable merchants and customers to pursue speedy and low-cost Bitcoin (BTC-USD) transactions, the company highlighted. “BitPay’s integration with the Lightning Network offers customers more choice and merchants more ways to be paid leveraging blockchain technology,” CoinDesk reported, citing BitPay Co-founder Tony Gallippi in a statement. Note that the Lightning Network is a decentralized layer 2 protocol using smart contract functionality to enable instant payments. Block's (SQ) Cash App, for example, recently integrated the Lightning Network to transfer Bitcoin (BTC-USD) through its app. Previously, (Feb. 28) AMC CEO signaled a green light for accepting Dogecoin and Shiba Inu via BitPay.
