LIGHTNING NETWORK: HOW TO DEPOSIT WITHDRAW BITCOIN IN BINANCE? USING STRIKE AND MUUN

BITCOIN LIGHTNING NETWORK IN BINANCE AVAILABLE | HOW TO DEPOSIT WITHDRAW BTC USING STRIKE WALLET?

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Binance Completes Integration of Bitcoin on Lightning Network, Opens Deposits and Withdrawals
(Source: Tokeninsight)

Binance announced it has completed the integration of Bitcoin on the Lightning Network. Deposits and withdrawals for Bitcoin are now open on the Lightning Network.

Last month, Binance announced it was working on Lightning Network integration. The Bitcoin Lightning Network is a second-layer protocol built on top of the Bitcoin blockchain that aims to solve the scalability and transaction speed issues inherent in the original Bitcoin network. It is designed to enable fast and cheap transactions between users without the need for on-chain transactions.

The Lightning Network works by creating a network of payment channels between users. These payment channels enable users to transact with each other off-chain, meaning that transactions can be processed almost instantly and with very low fees. Once a payment channel is established between two parties, they can conduct an unlimited number of transactions without the need to broadcast each transaction to the Bitcoin network.

WHAT IS STRIKE WALLET? #strike #strikewallet
Strike is a mobile payment application like Cash App or PayPal with one caveat: Instead of using the traditional payment rails, it uses the Bitcoin blockchain to send and receive money.
It is developed by Zap Solutions, a Chicago-based FinTech startup led by entrepreneur Jack Mallers, known for his idiosyncratic TV appearances. The company launched its mobile application in 2020 for U.S. users and plans to expand globally, focusing on emerging regions such as Latin America.
The firm’s goal is to disrupt pricey global transactions and remittances and provide a cheap way to send money across borders by cutting out all the middlemen by using the Bitcoin protocol as a payment rail. As Strike CEO Mallers said at the launch in Argentina, “Bitcoin is the first and only monetary network in human history that works everywhere and is open to everyone. It functions in New York, San Salvador and Buenos Aires equally.”

PLEASE TAKE NOTE THAT BINANCE DOESN'T NOT ACCEPT (YET) THE MUUN AND BREEZ BTC Lightning Wallet

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