Revolut has partnered with Lightspark to combine Bitcoin’s Lightning Community into its funds infrastructure for customers within the UK and choose European Financial Space nations.
Revolut is now utilizing Bitcoin’s (BTC) Lightning Community by means of Lightspark to let customers ship crypto immediately and with decrease charges, making digital funds quicker and cheaper, in accordance with an organization submit.
The transfer is designed to scale back community prices and transaction occasions, tapping into what Lightspark describes because the “open Money Grid.”
Revolut’s GM of Crypto, Emil Urmanshin, mentioned the mixing is a part of the fintech firm’s broader aim to supply quicker and extra inexpensive monetary providers.
Revolut additionally not too long ago launched its cellular crypto trade app, Revolut X, for customers within the U.Okay. and European Financial Space, enabling buying and selling of over 400 crypto pairs and 220 tokens. The cellular rollout adopted its earlier desktop launch and expanded the platform’s attain after asserting plans for European development in November 2024.
Lightning Community
The Lightning Community, Bitcoin’s Layer 2 protocol, is understood for permitting scalable, real-time transactions and is more and more being adopted by fintech platforms trying to increase their crypto fee capabilities.
Lightspark CEO David Marcus known as the partnership an indication of the way forward for cash.
“Revolut is at the forefront of modern finance,” Marcus mentioned, evaluating conventional financial institution methods to “dial-up” in a “5G” world.
Lightspark’s infrastructure additionally helps Common Cash Tackle, which hyperlinks email-like identifiers to pockets addresses, additional simplifying crypto funds.
Revolut joins a rising listing of worldwide fintechs turning to Lightning to enhance consumer expertise and effectivity. The mixing highlights an ongoing shift towards real-time, borderless monetary transactions—with out the sluggish settlement occasions and excessive prices sometimes related to blockchain funds.
