Lightning Network
Scalable Instant Bitcoin Transaction Network
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Project Overview
Lightning Network is a peer-to-peer payment network that leverages payment channels anchored on the Bitcoin blockchain to enable near-instant and low-cost settlement of Bitcoin between participants. These payment channels are chained together, allowing users to make payments to anyone in the network without needing to trust the participants.
Polymarket Integrates Spark, Enabling Instant Deposits via Bitcoin Lightning Network
Polymarket has integrated Spark, a Bitcoin Layer 2 payment protocol, allowing users to make instant deposits via the Bitcoin Lightning Network.According to the report, Spark will provide underlying payment infrastructure for Polymarket, enabling users to deposit directly with BTC, with funds arriving in seconds. Compared to traditional on-chain Bitcoin transfers, which take 30 minutes to 1 hour for confirmation, this offers faster speed, lower costs, and greater privacy. This integration is also part of Polymarket's ongoing efforts to enhance the Bitcoin payment experience, following its earlier move to support Bitcoin deposits. (Digital Assets)
Tether will issue USDT natively on Bitcoin via the RGB Protocol.
According to Bitcoin Magazine, Tether plans to natively issue USDT on the Bitcoin network via the RGB protocol, with UTEXO leading the commercial deployment. The solution combines the Bitcoin UTXO model with the Lightning Network, supporting sending and receiving USDT on Bitcoin addresses as well as private, instant settlement, aiming to enhance privacy, reduce transfer and exchange costs, and decrease reliance on intermediate service providers. The report indicates that the product is expected to launch within the next few weeks, or in July.
Bitrefill Adds Arkade Payments, Enabling Instant Payments with Zero Fees
Bitcoin News posted on X, stating that nearly a decade after becoming an early adopter of the Lightning Network, Bitrefill is once again supporting a new Bitcoin payment network, adding Arkade payments that enable instant payments with zero fees.
Breez Launches Bitcoin Balance Direct Payment of USDC and USDT
: Bitcoin infrastructure company Breez has added a new feature to its developer toolkit, allowing users to send USDC and USDT directly from their Bitcoin balance to over 30 blockchain networks, without the need to convert in advance or hold stablecoins. This feature combines the Lightning Network with an automatic conversion mechanism. After the user enters the recipient's wallet address, the Breez SDK identifies the target blockchain, calculates the conversion route, and displays the amount, network, and fees before the payment is confirmed. The transaction is then routed through liquidity providers such as Flashnet and Boltz, converting the sender's Bitcoin into stablecoins and delivering them to the blockchain chosen by the recipient. Breez states that users still hold Bitcoin while initiating the payment, while the recipient receives stablecoins on their preferred blockchain. The feature operates in a non-custodial mode and initially only supports sending stablecoins outward. Future versions are planned to support receiving stablecoins from external blockchain networks.
Square has enabled Bitcoin payments by default for approximately 1 million U.S. merchants.
According to Bitcoin Magazine, Block’s payment platform Square has enabled Bitcoin payments by default for approximately one million U.S. merchants. Eligible merchants can accept BTC payments via the Lightning Network, with the system converting payments to U.S. dollars nearly in real time in the background—settling transactions in USD by default to mitigate exchange-rate volatility risk. This automatic rollout began on March 30, reaching a peak rate of one new merchant enabling the feature every eight seconds. Block also stated it is advancing tap-to-pay Bitcoin functionality leveraging NFC and the Lightning Network, and continues expanding Bitcoin payment and self-custody-related products across its ecosystem.
Paystand Launches USDb, a Stablecoin Built on the Bitcoin Ecosystem
According to Businesswire, Paystand, a blockchain-based B2B payment network, has announced the launch of USDb, a stablecoin built on the Bitcoin ecosystem. USDb is backed 1:1 by U.S. dollar reserves and is natively deployed on the Bitcoin sidechain Rootstock, while also being compatible with the Liquid Network and the Bitcoin Lightning Network. Notably, USDb is primarily designed for traditional corporate finance use cases, including accounts receivable/payable, cross-border payroll, and treasury management.
Related news
Polymarket Integrates Spark, Enabling Instant Deposits via Bitcoin Lightning Network
Polymarket has integrated Spark, a Bitcoin Layer 2 payment protocol, allowing users to make instant deposits via the Bitcoin Lightning Network.According to the report, Spark will provide underlying payment infrastructure for Polymarket, enabling users to deposit directly with BTC, with funds arriving in seconds. Compared to traditional on-chain Bitcoin transfers, which take 30 minutes to 1 hour for confirmation, this offers faster speed, lower costs, and greater privacy. This integration is also part of Polymarket's ongoing efforts to enhance the Bitcoin payment experience, following its earlier move to support Bitcoin deposits. (Digital Assets)
Tether will issue USDT natively on Bitcoin via the RGB Protocol.
According to Bitcoin Magazine, Tether plans to natively issue USDT on the Bitcoin network via the RGB protocol, with UTEXO leading the commercial deployment. The solution combines the Bitcoin UTXO model with the Lightning Network, supporting sending and receiving USDT on Bitcoin addresses as well as private, instant settlement, aiming to enhance privacy, reduce transfer and exchange costs, and decrease reliance on intermediate service providers. The report indicates that the product is expected to launch within the next few weeks, or in July.
Bitrefill Adds Arkade Payments, Enabling Instant Payments with Zero Fees
Bitcoin News posted on X, stating that nearly a decade after becoming an early adopter of the Lightning Network, Bitrefill is once again supporting a new Bitcoin payment network, adding Arkade payments that enable instant payments with zero fees.
Breez Launches Bitcoin Balance Direct Payment of USDC and USDT
: Bitcoin infrastructure company Breez has added a new feature to its developer toolkit, allowing users to send USDC and USDT directly from their Bitcoin balance to over 30 blockchain networks, without the need to convert in advance or hold stablecoins. This feature combines the Lightning Network with an automatic conversion mechanism. After the user enters the recipient's wallet address, the Breez SDK identifies the target blockchain, calculates the conversion route, and displays the amount, network, and fees before the payment is confirmed. The transaction is then routed through liquidity providers such as Flashnet and Boltz, converting the sender's Bitcoin into stablecoins and delivering them to the blockchain chosen by the recipient. Breez states that users still hold Bitcoin while initiating the payment, while the recipient receives stablecoins on their preferred blockchain. The feature operates in a non-custodial mode and initially only supports sending stablecoins outward. Future versions are planned to support receiving stablecoins from external blockchain networks.
Square has enabled Bitcoin payments by default for approximately 1 million U.S. merchants.
According to Bitcoin Magazine, Block’s payment platform Square has enabled Bitcoin payments by default for approximately one million U.S. merchants. Eligible merchants can accept BTC payments via the Lightning Network, with the system converting payments to U.S. dollars nearly in real time in the background—settling transactions in USD by default to mitigate exchange-rate volatility risk. This automatic rollout began on March 30, reaching a peak rate of one new merchant enabling the feature every eight seconds. Block also stated it is advancing tap-to-pay Bitcoin functionality leveraging NFC and the Lightning Network, and continues expanding Bitcoin payment and self-custody-related products across its ecosystem.
Paystand Launches USDb, a Stablecoin Built on the Bitcoin Ecosystem
According to Businesswire, Paystand, a blockchain-based B2B payment network, has announced the launch of USDb, a stablecoin built on the Bitcoin ecosystem. USDb is backed 1:1 by U.S. dollar reserves and is natively deployed on the Bitcoin sidechain Rootstock, while also being compatible with the Liquid Network and the Bitcoin Lightning Network. Notably, USDb is primarily designed for traditional corporate finance use cases, including accounts receivable/payable, cross-border payroll, and treasury management.