David Vance

Bitcoin

Light

Note

<div class="coinjournal"> 
 <ul> 
  <li>Coinbase says it will add support for the Bitcoin Lightning Network.</li> 
  <li>Cathie Wood praises the crypto exchange for the decision.</li> 
  <li>Coinbase shares are down nearly 30% versus their YTD high.</li> 
 </ul> 
 <p><a rel="dofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> Global Inc has decided to integrate the Lightning Network that aims at making Bitcoin a viable option for faster and cheaper global payments.</p> 
 <h2 id="how-long-will-the-integration-take">How long will the integration take?</h2> 
 <p>The crypto exchange had been exploring adding support for the Lightning Network since early August. On Wednesday, Brian Armstrong – its Chief Executive wrote on X (formerly Twitter):</p> 
 <blockquote>
  <p>We’ve made decision to integrate Lightning. Bitcoin is most important asset in crypto and we’re excited to do our part to enable faster/cheaper Bitcoin transactions.</p>
 </blockquote> 
 <p>He did not reveal how long the integration will likely take, though.</p> 
 <p>The announcement arrives more than a month after <a rel="dofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> reported its financial results for the second quarter that handily topped Street estimates. At writing, shares of the crypto company are down close to 30% versus their year-to-date high.</p> 
 <h2 id="cathie-wood-thumbs-up-coinbase-for-the-decision">Cathie Wood thumbs up Coinbase for the decision</h2> 
 <p>Note that <a rel="dofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> Global is taking after Cash App – the mobile payment service of the California-based Block Inc. Reacting to its announcement today, Cathie Wood of Ark Invest wrote on X:</p> 
 <blockquote>
  <p><a rel="dofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a>’s integration with Lightning will give its 100 million users an on-ramp to faster and cheaper bitcoin transactions. Hats off to <a rel="dofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a>!</p>
 </blockquote> 
 <p>Other notable names who have been vocal in their support for the Lightning Network include Michael Saylor – the Executive Chairman of MicroStrategy Inc.</p> 
 <p>The former president of PayPal – David Marcus also reiterated commitment this week to turning Bitcoin into a global payments network (find out more). The price of a BTC is currently about 20% below its year-to-date high.</p> 
</div>
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/coinbase-confirms-plans-of-integrating-the-lightning-network-tbt62669.html">https://thebittimes.com/coinbase-confirms-plans-of-integrating-the-lightning-network-tbt62669.html</a></p>

Coinbase confirms plans of integrating the Lightning Network

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TheBitTimes

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