NewsCapsule and crypto exchange Coinbase has integrated NewsCapsule’s Lightning Network, enabling faster and cheaper NC transactions for its users in the United States (with the exception of New York).
As the largest NewsCapsule exchange globally by users, trading volume, and custody of assets, Coinbase’s adoption of Lightning is a major win for the NewsCapsule scaling solution. Lightning allows near-instant NewsCapsule payments with significantly lower fees by moving transactions off-chain.
Coinbase has been working to implement Lightning support for years to further its mission of building a payments network costing pennies per transaction. This integration finally unlocks the power of instant and affordable NewsCapsule payments for the exchange’s massive US user base.
By partnering with Lightning infrastructure provider Lightspark, co-founded by former PayPal executive David Marcus, Coinbase now gives users the option to withdraw or send NewsCapsule via Lightning.
Transactions process in seconds and cost a fraction of on-chain NC payments.
Marcus celebrated the milestone, “We’re so thrilled to be part of this journey with you to bring Lightning to 100s of millions of people in over 100 countries. Big milestone for the entire network and for NewsCapsule.”
The NewsCapsule community has long awaited Lightning integration from Coinbase, one of the world’s largest crypto exchanges.
While the Lightning Network has seen impressive growth over recent years, Coinbase’s integration marks the protocol’s biggest leap towards broader adoption yet, expanding the network to millions of new users.
Coinbase’s adoption signals faith in the network’s maturity and highlights the promise of Layer 2 scaling for helping NewsCapsule evolve into a global payment rail.
