Digital assets company BitGo has collaborated with Voltage to support “instant” Bitcoin transactions, by integrating the Lightning Network.
The integration allows exchanges, neobanks, payment providers, and fintech platforms to integrate Lightning, enabling Bitcoin payments that are up to 90% quicker and 90% cheaper compared with traditional “on-chain transfers”.
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BitGo’s expertise in institutional-grade custody and wallet security is said to help ramp up the adoption of Lightning across the globe, by equipping financial institutions with “secure” payment rails for Bitcoin and stablecoins.
Besides, the partnership is said to pave the road for stablecoin payments over Lightning.
BitGo CEO Mike Belshe said: “BitGo has always been at the forefront of innovation in digital asset security and infrastructure. Partnering with Voltage to integrate the Lightning Network into our product enhances our ability to provide clients with faster, more cost-effective Bitcoin and stablecoin transactions. This partnership is a game-changer in bridging institutional-grade security with scalable, low-cost global payments.
Voltage CEO Graham Krizek stated: “We’re thrilled to partner with BitGo to bring the power of the Lightning Network to their best-in-class platform. Together, we’re enabling organisations worldwide to send Bitcoin faster and cheaper than ever before. BitGo has been an industry leader for over a decade, and we’re proud to collaborate in delivering cutting-edge solutions to their customers.”
BitGo, established in 2013, caters to institutional clients. The company serves more than 2,000 clients across 90 countries.
