Zebpay integrates Bitcoin lightning payments

Indian crypto exchange Zebpay platform are now able to harness the power of the Lightning Network on Bitcoin BTC,The company says the user experience is very simple, as Zebpay is handling all the behind-the-scenes intricacies of using the Lightning Network.

However, there are some limitations to Zebpay’s new Lightning Network service.The minimum transaction size is 1 satoshi, which is the smallest unit of Bitcoin (0.00000001 BTC). Zebpay charges no fees for the transactions, and each user can make up to 10 Lightning transactions per day via the service.

Zebpay CEO Ajeet Khurana says "“Making Bitcoin technology widely accessible is a key component of our roadmap. Today, with the integration of the Lightning Network, we have taken yet another step in this direction.”

The Lightning Network is a layer 2 scaling technology for Bitcoin and other cryptocurrencies. While the technology is still in a mostly experimental stage, it can already be used to make near-instant Bitcoin payments.

As for Zebpay, it is encouraging to see the company making innovative moves despite the major setbacks experienced by the company in India, where it was originally based from.
Posted On: Mar 30, 2019

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