Coinbase, a major U.S.-based crypto exchange, has introduced Lightning Network (LN) support, enabling users to conduct Bitcoin (CRYPTO:BTC) transactions with lower fees.
The integration aims to promote crypto payments by offering a cost-effective alternative to traditional financial transactions.
Utilising LN can significantly reduce the cost of sending Bitcoin globally, making it more competitive compared to credit card fees and wire transfer charges.
This initiative aligns with Coinbase's advocacy for crypto payments, as highlighted in its State of Crypto report, which indicated potential savings for consumers.
The exchange's decision to integrate LN support follows previous expressions of interest and partnerships with LN-focused companies like Lightspark, streamlining the integration process.