Coinbase CEO Brian Armstrong has confirmed that the crypto exchange is “looking into” adding the Bitcoin Lightning network in its quest to advance crypto payments adoption worldwide. On July 28, Armstrong addressed the crypto community on Twitter (rebranded to X), highlighting the potential of cryptocurrencies to improve global payments infrastructure. Armstrong’s vision for global crypto payments was questioned by long-standing Bitcoin supporters, including MicroStrategy founder Michael Saylor and Square CEO Jack Dorsey. The Lightning Network aims to make Bitcoin transactions faster and cheaper by allowing users to create off-chain transaction channels.
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