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Xapo Bank Becomes First Fully-Licensed Private Bank To Offer Lightning-Fast Bitcoin Payments

Xapo Bank, a licensed private bank and leading Bitcoin custodian, has announced a partnership with Lightspark to integrate with the Lightning Network.

According to Xapo Bank’s press release, this integration aims to offer nearly instant Bitcoin payments for its members, enabling them to make small purchases of up to $100 USD at those vendors that accept Lightning payments without high transaction fees and long confirmation waiting times. The Lightning Network is a decentralized layer 2 network on the Bitcoin blockchain that enables scalable payments at millions of transactions per second across the network.

Xapo, which was founded in 2013, claims to be “the first institutional holder of Bitcoin,” and also “the first crypto company in the world to obtain a banking license”.

(By Siamak Masnavi)

Get the latest news here: Cointime channel — https://t.me/cointime_en

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