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Revolut has announced a major step forward for crypto by partnering with Lightspark to enable faster Bitcoin payments using the Lightning Network. The integration allows near-instant transfers for users in the UK and select European Economic Area countries giving Revolut access to Lightspark’s advanced payment tools including its MoneyGrid system.
The move brings crypto transactions closer to everyday use as MoneyGrid connects over 300 million users in more than 140 countries. Lightspark CEO David Marcus said traditional banking systems are outdated and sees this partnership as a major leap toward faster global payments powered by Bitcoin’s Lightning Network.
Revolut continues to embrace crypto innovation following a record \$1.4 billion in pre-tax profits and the launch of its Revolut X crypto app. The company joins platforms like Coinbase in adopting the Lightning Network which now powers a growing share of Bitcoin activity worldwide. With plans for a stablecoin on the horizon Revolut is positioning itself as a leader in the next generation of financial technology.
