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MicroStrategy Adds Lightning Network to Email System

Key Takeaways
  • Saylor revealed that he had received transactions in the form of Satoshis sent to his email address
  • The integration of the Lightning Network into MicroStrategy's corporate email address system is a positive development for the Bitcoin ecosystem
18-Apr-2023 By: Shikha Jha
MicroStrategy Adds L

MicroStrategy, a business intelligence software firm

 co-founded by Bitcoin bull Michael Saylor, has integrated the Bitcoin Lightning Networkinto its corporate email address system. 

Saylorshared a screenshot on Twitter, revealing that he had received transactions inthe form of Satoshis, the smallest denomination of Bitcoin, sent to his emailaddress.

Thisintegration was made possible by the Lightning Address protocol, which links an"Internet Identifier," such as an email address, to a wallet address.It is not known whether the feature has been rolled out to all corporate emailaddresses at the firm.

TheLightning Network is a layer 2 scaling solution for Bitcoin  that can process up to 1 milliontransactions per second for a base fee of 1 Satoshi or around 4 cents. Saylor,who currently serves as executive chairman at MicroStrategy, has been leading thefirm's Bitcoin investment strategy to strengthen its balance sheet.

SinceMarch 2021, the company has spent $4.17 billion to accumulate 140,000 BTC, withan average purchase price of $29,800. Despite the current price of Bitcoinsitting at $29,400, MicroStrategy is down only 1.3% on its total investment.However, the company was briefly in the green when Bitcoin's price rose above$30,000 last week.

Theintegration of the Lightning Network into MicroStrategy's  corporateemail address system is a positive development for the Bitcoin ecosystem. Itdemonstrates the growing adoption and use of the Lightning Network, which is alayer 2 scaling solution that enables faster and cheaper transactions on theBitcoin network. 

TheLightning Network's ability to process up to 1 million transactions per secondfor a base fee of 1 Satoshi or around 4 cents makes it an attractive option forbusinesses and individuals looking to transact with Bitcoin quickly andinexpensively.

Also, Read - Bank of Israel Considers CBDCs in Response to IncreasedStablecoin Activity

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