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#MicroStrategy, a business intelligence software firm co-founded by Bitcoin bull Michael Saylor, has integrated the Bitcoin Lightning Network into its corporate email address system.
Saylor shared a screenshot on Twitter, revealing that he had received transactions in the form of Satoshis, the smallest denomination of Bitcoin, sent to his #email address.This integration was made possible by the Lightning Address protocol, which links an "Internet Identifier," such as an email address, to a wallet address. It is not known whether the feature has been rolled out to all corporate email addresses at the firm.The Lightning Network is a layer 2 scaling solution for Bitcoin that can process up to 1 million transactions per second for a base fee of 1 Satoshi or around 4 cents. Saylor, who currently serves as executive chairman at MicroStrategy, has been leading the firm's Bitcoin investment strategy to strengthen its balance sheet.Since March 2021, the company has spent $4.17 billion to accumulate 140,000 BTC, with an average purchase price of $29,800. Despite the current price of Bitcoin sitting at $29,400, MicroStrategy is down only 1.3% on its total #investment. However, the company was briefly in the green when Bitcoin's price rose above $30,000 last week.The integration of the Lightning Network into MicroStrategy's corporate email address system is a positive development for the Bitcoin ecosystem. It demonstrates the growing adoption and use of the Lightning Network, which is a layer 2 scaling solution that enables faster and cheaper transactions on the Bitcoin network.The Lightning Network's ability to process up to 1 million transactions per second for a base fee of 1 Satoshi or around 4 cents makes it an attractive option for businesses and individuals looking to transact with Bitcoin quickly and inexpensively.
Saylor shared a screenshot on Twitter, revealing that he had received transactions in the form of Satoshis, the smallest denomination of Bitcoin, sent to his #email address.This integration was made possible by the Lightning Address protocol, which links an "Internet Identifier," such as an email address, to a wallet address. It is not known whether the feature has been rolled out to all corporate email addresses at the firm.The Lightning Network is a layer 2 scaling solution for Bitcoin that can process up to 1 million transactions per second for a base fee of 1 Satoshi or around 4 cents. Saylor, who currently serves as executive chairman at MicroStrategy, has been leading the firm's Bitcoin investment strategy to strengthen its balance sheet.Since March 2021, the company has spent $4.17 billion to accumulate 140,000 BTC, with an average purchase price of $29,800. Despite the current price of Bitcoin sitting at $29,400, MicroStrategy is down only 1.3% on its total #investment. However, the company was briefly in the green when Bitcoin's price rose above $30,000 last week.The integration of the Lightning Network into MicroStrategy's corporate email address system is a positive development for the Bitcoin ecosystem. It demonstrates the growing adoption and use of the Lightning Network, which is a layer 2 scaling solution that enables faster and cheaper transactions on the Bitcoin network.The Lightning Network's ability to process up to 1 million transactions per second for a base fee of 1 Satoshi or around 4 cents makes it an attractive option for businesses and individuals looking to transact with Bitcoin quickly and inexpensively.