With Lastbit Lite and Lastbit Cards, users can move instantly between bitcoin and euros via the Lightning Network.
Today, bitcoin payments company Lastbit announced the launch of two payment apps designed to spread use of the Lightning Network among Europeans.
One of the apps, Lastbit Lite, is a mobile payment app that integrates a Lightning Network wallet with a euro-denominated, International Bank Account Number- (IBAN) designated bank account. And the other, Lastbit Cards, is a mobile app that lets users fund their Lastbit debit cards via the Lightning Network using Lite or any Lightning Network wallet.
“With these applications, users can send euros over Lightning instantly and even buy bitcoin or pay Lightning invoices instantly, directly from their Lastbit Card interface,” according to a release shared by Lastbit. “Lastbit built these products to demonstrate that Bitcoin and the Lightning Network can in fact be integrated into traditional financial rails.”
With Lite, users can make bitcoin transactions on-chain or over Lightning and can transfer euros as BTC back and forth via the Lightning Network. With Cards, they can pay Lightning invoices and access a physical Mastercard-branded debit card that can be used at merchants in person.
The release claimed that these are the first apps available in Europe that make it possible for users to move instantly between bitcoin and euros using the Lightning Network through IBAN accounts or Mastercard debit cards.
“The Lightning Network is a financial settlement technology that can seriously disrupt how payments are processed globally,” said Bernardo Magnani, cofounder of Lastbit, per the release. “This is barely the tip of the iceberg.”
In this episode, Dave and Grahm cover the recent news and developments happening around peer-to-peer (p2p) bitcoin exchanges. They talk with Hodl Hodl’s Max Keidun about LocalBitcoins, regulatory uncertainty, predictions and different kinds of p2p exchanges. Resources News: Paxful and AirTm Partner to Increase Bitcoin Adoption in Latin America LocalBitcoins Stops Cash Trades, Personal Offers…
MicroStrategy® Incorporated (Nasdaq: MSTR) has revealed plans to raise $500 million to buy more bitcoin through a private offering of convertible senior notes due 2031. The offering, subject to market conditions, targets qualified institutional buyers under Rule 144A of the Securities Act of 1933.BREAKING: MicroStrategy to raise $500 million to buy more #Bitcoin pic.twitter.com/EU19xmKB2x— Bitcoin
If you believe Bitcoin represents the future, then you should want women to get ahead of the adoption curve to better their lives.IntroIf you could inspire one group of people to embrace Bitcoin, which would it be? A whole country? Bond traders? Family office managers? While any of these groups would have a major impact…
Governor Jared Polis expects his state to accept bitcoin and cryptocurrency for tax-related purposes by the summer.Colorado will soon start accepting bitcoin as payment for taxes, Governor Jared Polis said in a Tuesday interview with CNBC.“We expect to accept crypto by this summer” for all of the state’s tax-related purposes, Polis said.Polis added that Colorado…
Curv, an institutional crypto asset custody provider, today announced that global investment firm Franklin Templeton and fintech-focused venture capital firm Illuminante Financial Management have joined its Series A funding round — which already included CommerzVentures, Coinbase, Digital Currency Group, Team8 and Digital Garage. “Curv is driving traditional institutional and crypto native demand for digital assets…
A 1999 article by Nick Szabo is often cited to argue that micropayments don’t work. But with Bitcoin and the Lighting Network, now they do.This is an opinion editorial by Jared Nusinoff, the founder and CEO of Mash, a Bitcoin- and Lightning-Network-based micropayments platform. Source I’m sick and tired of hearing about Nick Szabo’s “Micropayments…
Sentiment in the market is down as the Federal Reserve meeting on monetary policy looms.The Bitcoin market has tip-toed into “extreme fear” territory as the Federal Reserve prepares to meet Wednesday to decide its next move regarding interest rate and quantitative easing policies. BTC is trading at around $48,000 at the time of writing, nearly…
In a show of open-source solidarity, the trustless Bitcoin payment processor BTCPay Server is launching a crowdfunding campaign for the privacy-preserving Tor browser, a fundraise which, its benefactor hopes, will demonstrate the impact of bitcoin-based fundraising and the community’s support for open-source initiatives. BTCPay Server began as a project to offer people a self-hosted, feeless…
With bitcoin price up around 70% over the last five weeks, Bitcoin's "coin days destroyed" metric isn't reacting as normal.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe…