{"id":199169,"date":"2021-09-16T18:00:46","date_gmt":"2021-09-16T17:00:46","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=199169"},"modified":"2023-05-25T02:14:08","modified_gmt":"2023-05-25T01:14:08","slug":"paxful-now-supports-speedy-bitcoin-transactions-after-lightning-integration","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/paxful-now-supports-speedy-bitcoin-transactions-after-lightning-integration\/","title":{"rendered":"Paxful now supports speedy Bitcoin transactions after Lightning integration"},"content":{"rendered":"<p><a href=\"https:\/\/paxful.com\/\"><span style=\"font-weight: 400;\">Paxful<\/span><\/a><span style=\"font-weight: 400;\">, the global peer-to-peer fintech platform, announced its global integration on the<\/span><a href=\"https:\/\/lightning.engineering\/\"> <span style=\"font-weight: 400;\">Lightning Network<\/span><\/a><span style=\"font-weight: 400;\"> yesterday, as per a release shared with CryptoSlate. The app allows people to buy and sell Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) with almost 400 different payment methods.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBitcoin is hands down the best financial option for the people who really drive economies forward. But in order for it to succeed and usher in global adoption, we need to overcome the issue of scale,\u201d noted <\/span><a href=\"https:\/\/cryptoslate.com\/videos\/paxfuls-ray-youssef-on-the-bitcoin-hustle-why-africa-leads-crypto-adoption\/\"><span style=\"font-weight: 400;\">Ray Youssef, CEO, and co-founder of Paxful<\/span><\/a><span style=\"font-weight: 400;\">, in a statement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He further explained, \u201cThe industry\u2019s greatest chance of Bitcoin scalability is through Lightning, which makes micropayments exceedingly cheaper and faster. Buying a coffee with Bitcoin will now be a realistic option. Consumers, businesses, and even banks are looking for a way to connect the world together and we fully anticipate Lightning to deliver.\u201d<\/span><\/p>\n<h2><b>How Lightning works on Paxful<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Over seven million Paxful users will now be able to leverage the power of the Lightning Network, a system built on top of the Bitcoin (BTC) network. The Lightning Network allows users to transfer Bitcoin in a matter of seconds with much lower fees.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Lightning Network is officially on Paxful \u26a1\ufe0f Brace yourself because <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&ref_src=twsrc%5Etfw\">#Bitcoin<\/a> transfers are speedier and cheaper than ever before. <\/p>\n<p>Head on over to your Paxful Wallet and try it out now: <a href=\"https:\/\/t.co\/Er32k09GMB\">https:\/\/t.co\/Er32k09GMB<\/a> <a href=\"https:\/\/t.co\/l8UhDADIu3\">pic.twitter.com\/l8UhDADIu3<\/a><\/p>\n<p>&mdash; Paxful \u26a1\ufe0f (@paxful) <a href=\"https:\/\/twitter.com\/paxful\/status\/1437753354336317441?ref_src=twsrc%5Etfw\">September 14, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The new feature blends into Paxful\u2019s platform and enables the company to keep user fees lower than traditional Bitcoin transactions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When users send or receive Bitcoin through the Lightning Network with their Paxful Wallet, their Bitcoin balance is used the same way as if they would transfer it on the Bitcoin network. All transactions are processed in seconds and Paxful users can utilize the Lightning Network for both transactions with other individuals and pay for goods or services.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Elizabeth Stark, CEO and co-founder of Lightning Labs, shared the sentiment, \u201cBitcoin levels the playing field for people around the world, and emerging markets are leading the charge with adoption.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paxful, the global peer-to-peer fintech platform, announced its global integration on the Lightning Network yesterday, as per a release shared with CryptoSlate. The app allows people to buy and sell Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) with almost 400 different payment methods. \u201cBitcoin is hands down the best financial option for the people who [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":199046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,78564,37],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paxful now supports speedy Bitcoin transactions after Lightning integration<\/title>\n<meta name=\"description\" content=\"Paxful, the global peer-to-peer fintech platform, announced its global integration on the Lightning Network yesterday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/paxful-now-supports-speedy-bitcoin-transactions-after-lightning-integration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paxful now supports speedy Bitcoin transactions after Lightning integration\" \/>\n<meta property=\"og:description\" content=\"Paxful, the global peer-to-peer fintech platform, announced its global integration on the Lightning Network yesterday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/paxful-now-supports-speedy-bitcoin-transactions-after-lightning-integration\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-16T17:00:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-25T01:14:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/09\/paxful-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/paxful-now-supports-speedy-bitcoin-transactions-after-lightning-integration\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/paxful-now-supports-speedy-bitcoin-transactions-after-lightning-integration\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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