We are pleased to announce that we are the first bank to support Lightning Network payments, through our strategic partnership with Lightspark. This means that Xapo Bank members can now make low cost and lightning fast Bitcoin payments at the tap of a few screens on the Xapo Bank app.
The Lightning Network is a decentralised payment network and second-layer solution on top of the Bitcoin blockchain network. It allows users to make transactions in a faster and cheaper way than using traditional methods, without having to wait for multiple blockchain confirmations.
Staying First, because we put our members first
This is the latest in our history of firsts, driven by the desire to provide the best way for our members to protect and grow their savings.
Building on our reputation as the world’s first Bitcoin storage and security service to be fully protected and insured against hacking and bankruptcy, in 2021, Xapo Bank was established - the first bank to natively combine traditional banking with crypto.
Last year, we were the first to bring banking integration for stablecoins, enabling our members to send USDC to their accounts, which is instantly converted to US Dollar on a 1:1 basis the moment it is received.
We remain at the forefront of innovative financial services, merging the security of a traditional credit institution with efficiencies of blockchain infrastructure to deliver unrivalled wealth protection for our members.
To learn more about our unique offering, please explore the benefits of a Xapo Bank membership.
This article is for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of this article (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through this article. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date.