Bitcoin Lightning Network Payment Gateway Development Company

Bitcoin Lightning Network Payment Gateway Development Company




Every day, more merchant from across the world express more interests in accepting cryptocurrencies such as Bitcoin. This requirement led to the emergence of a number of new crypto payment processors entering the business market over the last year. The Lightning Network gives these processors the ability to now offer their clients a way to accept Bitcoin without delays. Today, there are multiple Lightning Network payment processors in operation. 
The Lightning Network is nothing but it is a second-layer protocol that operates on top of the Bitcoin Blockchain to enable instant, low-cost micropayments.
Meanwhile, the crypto breakout of 2017, scalability concerns hindered Bitcoin’s ability to function as “electronic cash.” The business wanted to accept cryptocurrencies like Bitcoin but due to the delays and volatility that could occur during these time periods, Bitcoin didn’t make sense. The Lightning Network knock out these problems.
Le’s explain deeply,
Actually What is Bitcoin Lightning Network Payment Processor?
It is a payment gateway where the merchants can provide their customers to pay for their online purchase using the digital currency like Bitcoin without delays.
Bitcoin Lightning Network payment gateways: Key advantages
Transaction Speed:
Currently, the Bitcoin network can process 7 transactions per second. However, as the reputation of bitcoin continues to grow, more transactions will need to be processed each and every second (so bitcoin can approach the capacity of Visa or Mastercard, which process hundreds of thousands of transactions per second).
One of the smart ways to allow more transactions, without sacrificing security, is the use of payment channels like the Lightning Network.

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