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Benzinga
Benzinga
Business
Adrian Zmudzinski

Is Bitcoin Finally Working For Payments? Lightning Network Usage Quadruples After These 2 Events

Arcane

Bitcoin (CRYPTO: BTC) saw its layer-two scalability solution Lightning Network increase its payment volume by over 400% after major players decided to adopt the technology to allow for near-instant and almost free Bitcoin transactions.

What Happened: A recent report by Arcane Research shows the number of payments that took place on the Lightning Network over the last year doubled compared to the previous one while the value of the payments quadrupled.

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