UnocoinOne of India’s The Lightning Network is a protocol that allows for low-cost and fast bitcoin transactions. The integration uses VoltageLightning Solutions, an enterprise-grade infrastructure from the United States.
The adoption of the bitcoin protocol in India is a major step in the right direction, particularly in light of increasing demand for cost-effective and scalable transactions. The adoption of the Lightning NetworkUnocoin is aiming to provide its users with instant Bitcoin settlements, and in the future Tether (USDT), transfers through the same network.
“We continuously seek ways to improve transaction efficiency and cost-effectiveness for our users. With the Lightning Network, powered by Voltage, Unocoin is enabling the fastest, lowest-cost bitcoin and Tether transfers,” Sathvik Vishwanath is the CEO of Unocoin.
Unocoin’s The move is made at a moment when India’s crypto industry continues to be impacted by regulatory challenges. Unocoin, a resilient exchange, has maintained operations and the trust of its users, while several other exchanges reduced their market presence or left. Lightning’s implementation by Unocoin reinforces the company’s leadership in bitcoin and cryptocurrency innovation.
“The Lightning Network represents a revolutionary leap in bitcoin scalability, enabling fast, secure, and cost-effective transactions,” Graham Krizek CEO and Founder said Voltage. “By partnering with Unocoin, we aim to bring these benefits to millions of users in India, fostering greater adoption and utility of bitcoin in daily transactions.”
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Source: bitcoinmagazine.com

