Cryptocurrency exchange OKEx has announced it added support for the Lightning Network technology, a second-layer scaling solution for the Bitcoin blockchain, to decrease transaction fees and times.
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In a press release, the exchange said the new addition will allow users to send and receive BTC (EXANTE: Bitcoin) in "near real-time at next-to-no cost." OKEx first announced support for the Lightning Network in February this year. Besides OKEx, OKCoin and Kraken also announced their intention to integrate the scaling solution.
In October last year, Visa’s Fintech Fast Track program announced extension of supported projects with a Bitcoin-focused startup called Lastbit. By participating in the Fintech Fast Track program, Lastbit can integrate its Lightning Network-based payments platform to enable its financial partners to issue Visa credentials to end consumers.
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