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We will be adding the ability to transact on the Bitcoin Lightning Network, an open-source “layer-2” for Bitcoin transactions in the near future. Because these transactions occur “off-chain,” Lightning network transactions occur in a matter of seconds vs. minutes and for pennies vs. dollars, saving customers time and money. Network fees will vary based on demand in the Bitcoin network.
Article from CoinDesk on this:
Now, all waitlisted customers outside of regulatory no-go zones Nevada, New York and Hawaii can [deposit and withdraw, rather than just invest in a BTC position].
Additionally, she said Robinhood will add support for bitcoin transactions on the Lightning Network, the speedy, low-cost settlement layer for Bitcoin.
“For the larger community this is a fantastic way” to access bitcoin cheaply and in a green way, she said, adding that BTC is the top recurring buy on the app.
Robinhood Releases Crypto Wallet to 2M Users, Plans Integration With Bitcoin Lightning Network https://www.coindesk.com/business/2022/04/07/robinhood-releases-crypto-wallet-to-2m-users-plans-integration-with-bitcoin-lightning-network https://archive.ph/NRB8k <-- An archive, which can be easier to read.
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And an article from The Block on this:
Robinhood widens user access for crypto wallet transfers, unveils plan to support Lightning payments for bitcoin https://www.theblockcrypto.com/post/141008/robinhood-widens-user-access-for-crypto-wallet-transfers-unveils-plan-to-support-lightning-payments-for-bitcoin https://archive.ph/BlFZ0 <-- An archive, which can be easier to read.
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Companies announce future LN support all the time.
Companies delivering LN support, ..., in a timely fashion, we'll see.
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