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Lightspark, a financial services company specializing in Bitcoin’s Lightning Network (LN), has unveiled its latest feature, UMA Extend, which aims to enhance cryptocurrency integration with traditional financial systems in the United States. UMA Extend allows businesses to connect their operations directly to a bank account, facilitating instant receipt of Lightning Network (LN) payments settled in USD.
Extending traditional financial systems with the Lightning Network
Cryptocurrency companies are increasingly integrating decentralized finance with traditional banking infrastructure. Lightspark, which focuses on offering products Based on the Lightning NetworkUMA Extend has taken an important step in this direction. This new solution allows Lightning Network payments to be settled directly into US bank accounts, thus expanding the potential user base of Lightning Network technology.
Unified funds addresses and real-time settlements
UMA Extend is based on Unified Money Address (UMA) Protocol, Lightspark introduced an open source project in October. The protocol allows users to have unique email-like addresses to send and receive payments. The new feature, Extend, links the protocol to what Lightspark describes as “eligible recipients.” While the company didn’t specify eligibility criteria, it said the system is compatible with more than 99% of U.S. banks that accept real-time payments.
Demonstrate UMA Extend capabilities
Lightspark founder and CEO David Marcus demonstrated the UMA Extend functionality on his X (formerly Twitter) account. He demonstrated how payments can be sent and settled almost instantly, potentially leading to wider adoption of the Lightning Network due to its low-fee, always-on architecture. The demo highlights the potential for wider acceptance of the Lightning Network in the financial industry.
Global adoption and future vision
Lightspark’s UMA protocol has already gained traction in 120 countries and is backed by notable names like Coins.ph in the Philippines and Ripio in Latin America. Expanding UMA through the new Extend feature aligns with Marcus’ broader vision for the future of the Lightning Network. In May, Marcus expressed his belief that the Lightning Network could become Global Currency Settlement NetworkHe predicted that any company that needed to move money would eventually use LN and Bitcoin, either directly or indirectly.
Widespread use among cryptocurrency exchanges
In addition to the UMA Extend feature, Lightspark services are already being used by Major Cryptocurrency Exchanges Such as Coinbase, Bitso, and Nubank. These platforms have integrated Lightspark technology to provide Lightning Network support for both deposits and withdrawals, further integrating Lightning Network into the broader financial ecosystem.
🚀 Now Available: Lightspark Extend connects Lightning to eligible US account holders in real-time. With Lightspark Extend, you can seamlessly send UMA-powered payments to eligible US recipients instantly and at a low cost. Learn more here: https://t.co/B2O0or8e9k pic.twitter.com/F85VraLknl
— Lightspark (@lightspark) August 28, 2024
Pepe Unchained: A New Pepe-Inspired Memecoin With Promising Growth Potential
Pepe Unchained is the latest addition to the memecoin scene, Introducing an improved version of the popular Pepe Project. Designed as a rebellious counterpart to the original project, this new meme-based initiative features the popular mascot, Pepe, breaking free from the constraints of outdated technology.
jump from first layer to second layer
Initially confined to a cumbersome layer 1 server, Pepe devised a plan to launch its own chain — a layer 2 solution built on the Ethereum network. This development sets Pepe Unchained apart, not just as another memecoin, but as a progressive project that leverages layer 2 technology to improve transaction efficiency. By offering faster transaction speeds and lower costs compared to traditional blockchains, Pepe Unchained is positioned as the world’s first Pepe-themed token with its own dedicated chain. This advancement promises to enhance functionality while maintaining the cultural impact that made the original Pepe project famous.
Investment attractiveness through betting and a clear roadmap
One of the main features that makes Pepe Unchained is attractive to investors because of the staking option available during the presale.This addition makes the project even more attractive as a potential investment. Pepe Unchained has outlined a clear roadmap, broken down into three ambitious steps, that humorously challenge the status quo of its predecessor. The project’s playful approach not only entertains, but also attracts a lot of attention, using meme-driven strategies that have proven effective in attracting a wide audience.
Leveraging Meme Culture for Growth
Currently in its presale phase, PEPU is gaining momentum as a prominent option among the best cryptocurrencies to buy right now. The project’s ability to combine humor with strategic innovation positions Pepe Unchained as a strong contender in the evolving world of memecoins. By leveraging the widespread appeal of meme culture, Pepe Unchained has the potential to appeal to a broad base of investors and enthusiasts alike.
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