Bitcoin Payment Processor BITPAY Announces Support for Lightning Payments

Bitcoin payment service BitPay has announced immediate support for the Lightning Network through its payment processing platform, allowing businesses to accept payments from Lightning wallets and enable more cost-effective, cheaper Bitcoin transactions via Layer 2 protocols.

According to the press release, "BitPay businesses can now accept payments using wallets that support the Lightning Network, such as Cash App and Strike." "Consumers now have a low-cost option when paying with Bitcoin at BitPay-enabled merchants."

BitPay is one of the first companies in the cryptocurrency space and has been operating as a bitcoin payment processor for merchants since 2011. With this feature enabled, customers can use the Lightning Network to make payments at the many merchants that accept Bitcoin payments through BitPay, covering hundreds of millions of people in more than 200 countries and territories worldwide