BitGo Adds Lightning Network Support to Crypto-as-a-Service
New capability enables businesses to embed fast, low-cost bitcoin payment functionality through
The new capability combines Lightning Network bitcoin payment rails with BitGo’s regulated digital asset infrastructure, including qualified custody, API-driven wallet services, and nationwide coverage through
“Bitcoin was designed to be open, global, and accessible, but businesses need trusted infrastructure to bring that promise into everyday financial experiences,” said
The Lightning Network is a Layer 2 protocol built on top of bitcoin that enables faster and lower-cost transactions by using offchain payment channels that ultimately settle back to the bitcoin blockchain. With Lightning support, BitGo’s Crypto-as-a-Service solution is designed to help fintechs, exchanges, payments platforms, and consumer applications facilitate near-instant bitcoin payments, reduce transaction costs, and support use cases such as deposits and withdrawals, merchant settlement, micropayments, rewards, and in-app bitcoin transfers.
“Lightning on its own is powerful, but deploying it at enterprise scale requires more than a payment rail,” said
BitGo’s Crypto-as-a-Service provides an API-driven framework for businesses seeking to embed digital asset functionality into their own products. The platform supports a range of digital asset services, including custody, wallet infrastructure, trading workflows, and settlement capabilities, while helping businesses reduce the complexity of operating regulated digital asset infrastructure independently.
About
Forward-Looking Statement
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict, that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the highly volatile nature of digital assets, technical issues in connection with the integration of supported digital assets and changes and upgrades to their underlying network, heightened scrutiny of our industry and operations, the theft, loss, or destruction of private keys required to access any digital assets held in custody for our own account or for our clients, errors in executing client transactions or managing our own trading activities, that routing and leasing fees are variable and not guaranteed, our belief that our products are not investment products, and the other factors discussed in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on
View source version on businesswire.com: https://www.businesswire.com/news/home/20260519470517/en/
Media Contact
press@bitgo.com
Source: