In addition, Lightspark recently announced a partnership with Coinbase, enabling customers to send Bitcoin transactions up to $10,000 instantly through the Lightning Network.

Lightspark has introduced a new feature called Lightspark Extend, designed to enhance Bitcoin payments for businesses in the U.S.

The solution allows businesses to send instant Bitcoin payments directly to bank accounts via the Lightning Network.

This feature is designed to bridge the traditional banking system with the digital currency ecosystem.

Lightspark Extend is compatible with over 99% of U.S. banks that accept real-time payments, facilitating fast and affordable transactions.

The platform integrates with Universal Money Addresses (UMA) and Lightning-enabled wallets, exchanges, or bank accounts for compliant and cost-effective transactions.

UMA simplifies the payment process by providing a user-friendly address, akin to an email, which eliminates the need for complex codes.

Businesses can adopt Lightspark Extend by signing up for a UMA address and linking eligible accounts, with onboarding support from Zero Hash, a regulated U.S. financial institution.

Overall, Lightspark Extend aims to make digital payments faster and more accessible for businesses.

This service enables recipients with real-time payments-enabled accounts to receive UMA-powered payments through the Bitcoin Lightning Network.

The launch aims to improve accessibility to instant, low-cost Bitcoin payments, thereby expanding the utility of the Lightning Network.