Express

Lightning Labs Receives $10M In Investments And Releases Beta Of First Paid Product

Ramsey Baker

Summary: Lightning Labs, the developer of the high-speed transaction protocol Lightning Network (LN), has received $10 million in Series A funding round and announced the release of their first paid product. According to a Feb. 5 blog post from Lightning Labs CEO and co-founder, Elizabeth Stark, the company will utilize these new funds to further the ...

Lightning Labs, the developer of the high-speed transaction protocol Lightning Network (LN), has received $10 million in Series A funding round and announced the release of their first paid product.

According to a Feb. 5 blog post from Lightning Labs CEO and co-founder, Elizabeth Stark, the company will utilize these new funds to further the development of their Lightning payments technology and scaling of its developer ecosystem.

In the same post, Lightning Labs introduced the beta version of their first paid product, Lightning Loop. This new product will aid startups, node operators and end users send and receive on Lightning more efficiently, wherein users can transfer funds between the Bitcoin (BTC) blockchain and the LN in a non-custodial manner.

By Ramsey Baker

Last Update:

Tags: ,,,
Link: Lightning Labs Receives $10M In Investments And Releases Beta Of First Paid Product   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 15 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 19 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 22 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 26 days ago
  • You need to login to comment.