Lightspark Enables Instant Bitcoin Payments to US Banks
UMA
UTED
BTC
X
X
This innovative solution, known as Lightspark Extend, connects the Lightning Network to eligible US bank account holders in real time.
With Lightspark Extend, businesses can now effortlessly send UMA-powered payments to eligible recipients across the United States. UMAs (Unified Messaging Addresses) simplify the process of sending value. They allow users to send payments using a human-friendly address, similar to an email, instead of remembering long codes or passwords. This makes it easier and faster for businesses and individuals to make transactions, reducing the friction often associated with digital payments.
The integration of UMA with the Bitcoin Lightning Network through Lightspark Extend represents a significant advancement. It allows UMA and Lightning-enabled wallets to send Bitcoin payments to over 99% of US banks accepting real-time payments. This broad compatibility ensures that businesses can offer their customers a seamless payment experience. Funds are transferred directly to eligible recipients’ bank accounts in an instant.
Source: X
One of the standout features of Lightspark Extend is its 24/7 availability, allowing businesses to send payments at any time, day or night, without delays. This is especially useful for businesses across time zones or those needing urgent payments outside regular banking hours.
Source: X
UMA is already available in 120 countries, with companies like Coins.ph in Asia, and Ripio in Latin America. And Youhodler in Europe offering UMAs to their customers. Now, with the introduction of Lightspark Extend, this instant payment solution is being brought to the United States, unlocking the power of UMA for US recipients with eligible accounts.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Lightspark Enables Instant Bitcoin Payments to US Banks appeared first on Altcoin Buzz.
