• MicroStrategy is planning to launch applications powered by Bitcoin Lightning Network in the upcoming year.
• The company is exploring ways to integrate Lightning Network solutions to enable faster, cheaper, and more efficient Bitcoin transactions.
• Michael Saylor, Executive Chairman of MicroStrategy, revealed the company’s plans through Twitter Spaces.
In an attempt to make Bitcoin transactions more efficient, the business intelligence firm MicroStrategy is planning to introduce solutions powered by the Bitcoin Lightning Network. The company intends to roll out the applications and solutions next year.
Michael Saylor, Executive Chairman of MicroStrategy, made the announcement on Twitter Spaces where he revealed the firm’s intentions of integrating Lightning Network solutions. As a part of their 2023 plan, the company is looking to hire a software engineer to work on the project.
The Bitcoin Lightning Network is a second layer payment protocol built on top of the Bitcoin blockchain network. It is designed to enable faster and cheaper Bitcoin transactions by allowing users to open and close payment channels and process transactions off-chain. This way, it allows for faster and cheaper transactions compared to the traditional on-chain Bitcoin transactions.
By launching applications powered by the Bitcoin Lightning Network, MicroStrategy is looking to make its mark in the cryptocurrency industry. The company has already revealed its plans to launch an enterprise Lightning Wallet and Lightning servers. It remains to be seen how the company will use the Bitcoin Lightning Network to serve millions of users.
Since its announcement, the company’s plan to launch applications powered by Bitcoin Lightning Network has gained a lot of traction. It remains to be seen whether the company will be able to successfully roll out the applications in the upcoming year and make Bitcoin transactions easier.