Coinbase CEO Brian Armstrong says the largest US-based crypto exchange is adding support for Lightning Network, a layer-2 scaling solution for Bitcoin (BTC) that aims to address scalability issues.
In a statement, Armstrong says Coinbase is working to add Lightning given the significance and importance of Bitcoin in the digital asset space.
“We’ve made the decision to integrate Lightning. Bitcoin is the most important asset in crypto and we’re excited to do our part to enable faster/cheaper Bitcoin transactions. Will take some time to integrate so please be patient.”
Coinbase previously issued a statement saying that Lightning can revolutionize payment systems and disrupt the $150 billion industry currently dominated by Visa and Mastercard.
“Lightning has the potential to replace existing payment processors for fiat transactions