{"id":23428,"date":"2023-09-13T21:10:33","date_gmt":"2023-09-13T21:10:33","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-confirms-plans-of-integrating-the-lightning-network\/"},"modified":"2023-09-13T21:10:33","modified_gmt":"2023-09-13T21:10:33","slug":"coinbase-confirms-plans-of-integrating-the-lightning-network","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-confirms-plans-of-integrating-the-lightning-network\/","title":{"rendered":"Coinbase confirms plans of integrating the Lightning Network"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/aleksi-raisa-DCCt1CQT8Os-unsplash-2-min-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/aleksi-raisa-DCCt1CQT8Os-unsplash-2-min-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/aleksi-raisa-DCCt1CQT8Os-unsplash-2-min-1-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/aleksi-raisa-DCCt1CQT8Os-unsplash-2-min-1-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Coinbase says it will add support for the Bitcoin Lightning Network.<\/li>\n<li>Cathie Wood praises the crypto exchange for the decision.<\/li>\n<li>Coinbase shares are down nearly 30% versus their YTD high.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase Global Inc<\/a> has decided to integrate the Lightning Network that aims at making <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> a viable option for faster and cheaper global payments.<\/p>\n<h2>How long will the integration take?<\/h2>\n<p>The crypto exchange had been exploring adding support for the <a href=\"https:\/\/www.coinbase.com\/learn\/crypto-basics\/what-is-lightning\" target=\"_blank\" rel=\"noopener\">Lightning Network<\/a> since early August. On Wednesday, Brian Armstrong \u2013 its Chief Executive wrote on X (formerly Twitter):<\/p>\n<blockquote>\n<p>We\u2019ve made decision to integrate Lightning. Bitcoin is most important asset in crypto and we\u2019re excited to do our part to enable faster\/cheaper Bitcoin transactions.<\/p>\n<\/blockquote>\n<p>He did not reveal how long the integration will likely take, though.<\/p>\n<p>The announcement arrives more than a month after Coinbase <a href=\"https:\/\/www.coindesk.com\/business\/2023\/08\/03\/coinbase-shares-jump-as-exchange-beats-analyst-estimates-for-q2\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> its financial results for the second quarter that handily topped Street estimates. At writing, shares of the crypto company are down close to 30% versus their year-to-date high.<\/p>\n<h2>Cathie Wood thumbs up Coinbase for the decision<\/h2>\n<p>Note that Coinbase Global is taking after Cash App \u2013 the mobile payment service of the California-based Block Inc. Reacting to its announcement today, <a href=\"https:\/\/twitter.com\/CathieDWood\/status\/1701911126290706687\" target=\"_blank\" rel=\"noopener\">Cathie Wood<\/a> of Ark Invest wrote on X:<\/p>\n<blockquote>\n<p>Coinbase\u2019s integration with Lightning will give its 100 million users an on-ramp to faster and cheaper bitcoin transactions. Hats off to Coinbase!<\/p>\n<\/blockquote>\n<p>Other notable names who have been vocal in their support for the Lightning Network include Michael Saylor \u2013 the Executive Chairman of MicroStrategy Inc.<\/p>\n<p>The former president of PayPal \u2013 David Marcus also reiterated commitment this week to turning Bitcoin into a global payments network (<a href=\"https:\/\/coinjournal.net\/news\/lightspark-david-marcus-bitcoin-global-payment-network\/\">find out more<\/a>). The price of a BTC is currently about 20% below its year-to-date high.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/coinbase-to-integrate-lightning-network\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Coinbase says it will add support for the Bitcoin Lightning Network. Cathie Wood praises the crypto exchange for the decision. Coinbase shares are down nearly 30% versus their YTD high. Coinbase Global Inc has decided to integrate the Lightning Network that aims at [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":23429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23428"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23428"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23429"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}