Xapo Bank Embraces Innovation with Lightning Network Integration for BTC Deposits

IconCryptoNewsTerminal Staff23 May, 2024

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Xapo Bank Embraces Innovation with Lightning Network Integration for BTC Deposits

Xapo Bank, a renowned Gibraltar-based fintech institution, has made a groundbreaking move by enabling BTC deposits over the Lightning Network, a fast and low-fee payment protocol. This move underscores Xapo Bank's commitment to harnessing cutting-edge technology to enhance customer experience. Recognizing the Lightning Network's potential to revolutionize BTC transactions, Seamus Rocca, CEO of Xapo Bank, stated, "We firmly believe that the Lightning Network will emerge as a crucial channel for BTC transactions, particularly for small, everyday transfers." He further added, "Its ease of use allows users to transact bitcoin with the same facility as fiat currencies, maximizing the utility of their holdings without the inconvenience of staking, lending, or asset locking." Xapo Bank's integration of the Lightning Network is a testament to their commitment to innovation and customer satisfaction. By embracing this revolutionary technology, Xapo Bank positions itself at the forefront of the digital asset industry.

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