The Rundown

Lightning Labs Raises $10M Series A

Lightning Labs has raised $10 million in Series A financing as it gears up to launch its first paid service for merchants looking to accept bitcoin payments.

“If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer,” Murray said. “Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.”

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