Arc Labs: Team Behind BTC Layer 2 Arc Protocol Launches Payments Ecosystem Startup
CryptoNewsTerminal Staff04 Jun, 2024
Arc Labs: Team Behind BTC Layer 2 Arc Protocol Launches Payments Ecosystem Startup
The team responsible for the Bitcoin Layer 2 project, Arc Protocol, has announced the establishment of Arc Labs, a startup focused on developing a payment ecosystem for BTC. As outlined in a Coindesk report, Arc Labs intends to address the challenge of 'lack of inbound capacity' within the Lightning Network by building a payment ecosystem that facilitates seamless transactions. Arc Labs aims to provide a solution to the prevalent issue of inbound liquidity limitations on the Lightning Network. Through its payment ecosystem, the startup intends to enhance the overall functionality and accessibility of BTC payments, promoting wider adoption and usage of the cryptocurrency.
