FTX’s Bankman-Fried Hints at Bitcoin Lightning Network Integration After Community Backlash

 

After facing a backlash from the Bitcoin (BTC) community over comments to the Financial Times that Bitcoin is “not a payments network,” Sam Bankman-Fried, the billionaire CEO of crypto exchange FTX, now hints that his exchange may implement Bitcoin Lightning Network payments.

“Sounds right, will ping devs,” Bankman-Fried replied to a comment that suggested that “all is forgiven” if Lightning is integrated into FTX.

No other details about the possible integration were provided.

Michael Saylor, CEO of MicroStrategy and a major Bitcoin bull, told the exchange CEO that supporting Lightning will give FTX an advantage over others.

Supporting #Lightning⚡️ will give you a competitive advantage vs. all those exchanges and related #Bitcoin businesses that are slow to provide support for the protocol.

— Michael Saylor⚡️ (@saylor) May 16, 2022

Others also offered their two cents, calling the founder of FTX “smart.”

“[Sam Bankman-Fried] changes his position on Bitcoin and sends order to devs to do something. Smart people reserve the right to change their mind. Sam is smart,” commented Jason A. Williams, a popular Bitcoin proponent and author of the book Bitcoin: Hard Money You Can’t F*ck With.

Daily trading volume on FTX:

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Learn more: 
– Lightning Network Adoption at Exchanges is Growing: This is Why It’s Good for Bitcoin
– FTX’s Bankman-Fried Accused of Misleading Public Over Bitcoin as FT Picks His Words ‘Selectively’
– Bitcoin Lightning Network Payments Jump Over 400%, 80M Users Have Access to Network