Unocoin integrates Lightning Network for faster Bitcoin payments

Unocoin, India’s oldest cryptocurrency exchange, has announced the integration of the Lightning Network, powered by Voltage, to enable instant and low-cost Bitcoin (CRYPTO:BTC) and Tether (CRYPTO:USDT) transactions.

This development marks a significant step in advancing cryptocurrency adoption in India, particularly amid growing demand for efficient digital payment solutions.

The integration leverages the Lightning Network's second-layer technology to facilitate off-chain settlements, drastically reducing transaction costs and processing times.

“With the Lightning Network, powered by Voltage, Unocoin is enabling the fastest, lowest-cost Bitcoin and Tether transfers, ensuring our users stay ahead in the evolving digital asset landscape,” stated Unocoin CEO Sathvik Vishwanath.

The collaboration with Voltage brings enterprise-grade infrastructure to ensure secure and scalable operations capable of handling high transaction volumes.

The move aligns with Tether’s recent announcement at the Plan B El Salvador Conference to issue its stablecoin on Lightning.

This integration is expected to boost the usability of Bitcoin and stablecoins in daily transactions across India.

Graham Krizek, CEO of Voltage, described the Lightning Network as “a revolutionary leap in Bitcoin scalability,” emphasising its potential to foster greater adoption of digital assets.

Unocoin’s adoption of the Lightning Network comes at a time when India’s cryptocurrency industry faces regulatory challenges that have forced many exchanges to shut down.

Despite these hurdles, Unocoin has remained resilient and continues to lead the market by introducing innovative solutions.

The exchange’s ability to adapt has solidified its position as a trusted platform for Indian crypto users.

At the time of reporting, the Bitcoin (BTC) price was $84,867.29.