Cryptocurrency exchange Kraken has announced it will add support for Lightning Network in 2021. The exchange says it will hire a special team focused on the Lightning Network.
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"Building on Bitcoin’s blockchain technology, the Lightning Network will help the world’s largest cryptocurrency scale to process millions of transactions per second," the exchange said.
iHodl earlier reported that Lightning Labs rolled out a new product focused for business called Lightning Pool. The non-custodial, peer-to-peer marketplace for Lightning allows node operators to purchase or sell channels. Ryan Gentry, Business Development Lead at Lightning Labs, said the release was a major milestone of an important development in the evolution of Lightning financial products.
In September 2020, Bitfinex announced it had integrated the Lightning Network Wumbo channels. The Wumbo channels allow users to deposit and withdraw "large amounts of bitcoin quickly and cheaply, thus allowing them to take advantage of trading opportunities."
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