Bitcoin Lightning network-based business payments service Lightspark threw its support for the new Universal Money Address (UMA) standard on Monday, positioning it as a game-changer in making global payments as “easy as sending an email.”
The open-source initiative facilitates real-time settlement while incorporating compliance messaging and foreign exchange capabilities for fiat currencies.
Launched last week, UMA is being touted as an extension of LNURL, a standard protocol designed to simplify the process of making payments, according to its GitHub repository.
UMA boasts secure transactions and open payments in any currency, leveraging bitcoin’s global liquidity, for…
Read more on https://Blockworks