TL;DR
- Lightning-Powered Simplicity: Lightspark Extend seamlessly connects with Universal Money Addresses (UMA) and Lightning-enabled wallets. Businesses can send payments 24/7 without delays, regardless of traditional banking hours.
- Broad Compatibility and Accessibility: Lightspark Extend links UMA and Lightning wallets to over 99% of US banks accepting real-time payments. From small e-commerce stores to large enterprises, businesses can offer lightning-fast payments to customers.
- Expanding UMA’s Reach: UMA, already available in 120 countries, now makes waves in the US through Lightspark Extend. Eligible US recipients can benefit from faster, more efficient payments via the Lightning Network.
Lightspark, a prominent player in the Bitcoin Lightning Network ecosystem, has just launched an innovative solution that promises to transform how businesses handle payments. Lightspark Extend bridges the gap between the Lightning Network and eligible US bank account holders, enabling instant Bitcoin payments directly to recipients.
🚀 NOW LIVE: Lightspark Extend connects Lightning to eligible US account holders in real-time. With Lightspark Extend, seamlessly send UMA-powered payments to eligible US recipients instantly and at a low cost. Learn more here: https://t.co/B2O0or8e9k pic.twitter.com/F85VraLknl
— Lightspark (@lightspark) August 28, 2024
Lightning-Powered Payments Made Simple
Lightspark Extend seamlessly connects with Universal Money Addresses (UMA) as well as wallets, exchanges, or bank accounts that support Lightning technology. This seamless, low-cost solution operates 24/7, allowing businesses to send payments at any time without delays.
Imagine transferring funds effortlessly, day or night, across time zones—no more waiting for traditional banking hours. UMAs simplify the process of sending value.
Instead of grappling with long codes or passwords, users can send payments using a human-friendly address, akin to sending an email. This user-friendly approach reduces friction and streamlines transactions, benefiting both businesses and individuals.
Lightspark Extend: Broad Compatibility and Accessibility
The real magic lies in Lightspark Extend’s compatibility. It connects UMA and Lightning-enabled wallets to over 99% of US banks that accept real-time payments. This means businesses can offer their customers a seamless payment experience, with funds transferred directly to eligible recipients’ bank accounts in an instant. Whether you’re a small e-commerce store or a large enterprise, Lightspark Extend democratizes access to lightning-fast payments.
How It Works
- Sign Up for a UMA Address: Businesses interested in adopting Lightspark Extend can sign up for a UMA address. This step sets the stage for lightning-powered transactions.
- Link Eligible Accounts: Once registered, businesses link their eligible accounts to their UMA address. This process is facilitated by Zero Hash, a regulated US financial institution.
- Receive UMA-Powered Payments: Now, businesses can receive UMA-powered payments via the Bitcoin Lightning Network. The funds flow directly to recipients’ real-time payments-enabled bank accounts.
Expanding the Reach of UMA
UMA isn’t new—it’s already available in 120 countries. Companies like Coins.ph in Asia and Ripio in Latin America have been leveraging UMAs to simplify cross-border transactions.
And now, with Lightspark Extend’s introduction, this instant payment solution is making waves in the United States. Eligible US recipients can tap into the power of UMA, unlocking faster, more efficient payments.
In summary, Lightspark Extend represents another significant step toward making instant, low-cost Bitcoin payments accessible to businesses and consumers across the US. As the Lightning Network continues to evolve, we’re witnessing a financial revolution—one where speed, efficiency, and accessibility take center stage.
