Blockchain & Crypto

Bitfury brings Lightning Network payments to Paytomat

The Bitfury Group announced they have partnered with Paytomat

Bitfury

Bitfury brings Lightning Network payments to blockchain-based processing system. Source: shutterstock.com

The Bitfury Group announced they have partnered with Paytomat, a blockchain-based payment processing system, to bring Lightning Network payments to Paytomat’s digital wallet and merchant app.

The partnership will enable users and merchants on the Paytomat system to send and receive bitcoin payments over the Lightning Network almost instantly.

The Lightning Network is an open-source network that layers on top of the Bitcoin Blockchain, allowing users to quickly and efficiently send payments that still benefit from the security of the Bitcoin Blockchain.

The technical implementation of the system will be completed by Bitfury’s in-house specialized Lightning Network engineering team, LightningPeach.

SEE ALSO: ABI Research named leading Blockchain-as-a-Service platform

Pay Space

6904 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.