More People Are Using BTC's Lightning Network. There is good news and there is even better news.
02 Apr 2023, 08:00
More People Are Using BTC’s Lightning Network
There is good news and there is even better news. The good news is that bitcoin has been doing relatively well as of late. The currency recently hit a six-month high and many investors are becoming more hopeful that the horrors of 2022 are finally being left behind for good. The even better news is that bitcoin adoption appears to be growing, as use of the Lightning Network has hit a new high.
Use of the Lightning Network Is More Common Than EverThe heavy use of the Lightning Network suggests that bitcoin is now – at least on a somewhat regular basis – being viewed as a form of currency. It’s being used to purchase goods and services. Richard Mico – US CEO of Banxa, a payment and compliance infrastructure provider – said in a recent interview:
The development in terms of building out crypto payments has continued apace, even if it’s gone somewhat unnoticed because of the volatility in the broader market. Crypto is evolving into a viable alternative for more and more people around the world.