What is Lightspark? Something to do with Bitcoin lightning
Lightspark is a company that builds next-generation Bitcoin payment infrastructure using the Bitcoin Lightning Network, a layer-2 protocol that enables faster, cheaper Bitcoin transactions by creating off-chain payment channels[1][3][5]. Founded by former PayPal President David Marcus in 2022, Lightspark aims to replace slow and costly traditional payment systems with real-time, low-fee, globally accessible payment rails[1][6].
Lightspark provides a platform and tools (including SDKs and APIs) that businesses and individuals can integrate to facilitate instant, secure, and low-cost Bitcoin payments leveraging the Lightning Network[2][5]. Their infrastructure supports features like the Universal Money Address (UMA), which simplifies sending and receiving funds with human-readable identifiers[1][8].
A recent example of Lightspark's application is its partnership with fintech firm Revolut to enable near-instant Bitcoin payments in the UK and select European countries, making Bitcoin transactions faster, cheaper, and more practical for everyday use by tapping into Lightspark’s Lightning Network-based payment protocol and MoneyGrid system[1][4][7][8].
In summary, Lightspark is a key player in advancing Bitcoin Lightning Network adoption by providing the infrastructure that enables fast, low-cost, and scalable Bitcoin payments worldwide.
Citations:
[1] Revolut Integrates Lightspark For Lightning-Fast Bitcoin Payments In ... https://bitcoinmagazine.com/news/revolut-integrates-lightspark-for-lightning-fast-bitcoin-payments-in-the-uk-and-europe
[2] Global Payments Platform for Instant Bitcoin Transfers https://www.lightspark.com
[3] What Does the Lightning Network Do? - Lightspark https://www.lightspark.com/learn/lightning/what-does-the-lightning-network-do
[4] Revolut to Enable Bitcoin Lightning Payments in Europe in ... https://www.financemagnates.com/cryptocurrency/revolut-to-enable-bitcoin-lightning-payments-in-europe-in-collaboration-with-lightspark/
[5] Revolutionizing Crypto Payments: How Lightspark Leverages the Lightning Network https://www.gate.io/learn/articles/revolutionizing-crypto-payments-how-lightspark-leverages-the-lightning-network/4881
[6] Lightspark: disrupting payments with cryptocurrency https://www.electronicpaymentsinternational.com/analyst-comment/lightspark-cryptocurrencies-uma-2/
[7] Revolut partners with Lightspark to streamline Bitcoin transactions https://www.theblock.co/post/353473/fintech-firm-revolut-partners-with-lightspark-to-streamline-bitcoin-transactions
[8] Revolut partners with Lightspark to integrate Bitcoin lightning ... https://cryptoslate.com/revolut-partners-with-lightspark-to-integrate-bitcoin-lightning-payments/