THELOGICALINDIAN - Appenabled cryptocurrency barter and wallet provider Zebpay has appear that it is enabling Lightning Network payments for all its users The best allotment of the account Zebpay affirmation that it will alike pay the fees for Lightning affairs madethrough its wallet
The Inexorable Advance Of Lightning Network
Despite its ‘still actual abundant experimental’ nature, Lightning Network is growing fast, and its affiliation into boilerplate casework continues. The announcement from Malta-based Zebpay, already India’s better cryptocurrency exchange, claims to mark the aboriginal accepting of LN payments by a above exchange.
Available through web, iOS, and Android apps, barter common can now use BTC wallet balances to accomplish Lightning transactions. Zebpay decidedly emphasises application the account for purchases at Lightning enabled retailers, claiming users can:
The (Already Low) Fees Are On Zebpay
Lightning Network payments accept decidedly lower fees than accepted Bitcoin payments, but users won’t alike accept to pay these. In band with its ‘Setting Crypto Free’ mission statement:
This is not after limits, of course. Users can accomplish up to 10 affairs per day, of amounts from 1 satoshi up to 0.001 BTC (around $4 at accepted rates). Whilst this may assume like a atomic sum, LN is still in testing and isn’t recommended for beyond acquittal amounts. Accepted use-cases are additionally abundantly geared appear micro-transactions able-bodied aural this limit.
Zebpay additionally advertises ‘Zero-Fee Trading’ on the barter ancillary of its business. According to CEO, Ajeet Khurana:
After ablution in 2014, Zebpay rose to become the better cryptocurrency barter in India. Following the Reserve Bank of India’s cryptocurrency ban, they accomplished trading in the country last year, now accepting operations in crypto-friendly Malta, and a address in Singapore.
Will added exchanges chase and accommodate Lightning payments to cut fees? Share your anticipation below!
Images via Shutterstock, zebpay.com
