ChainCatcher news, David Marcus, co-founder and CEO of the Bitcoin Lightning Network company Lightspark, confirmed on social media that he was invited to participate in the first White House Crypto Summit.

ChainCatcher news, Bitcoin Lightning Network payment company Lightspark now allows U.S. businesses to send instant payments directly to bank accounts using its network.

ChainCatcher news, Bitcoin Lightning Network company Lightspark announces support for the Universal Money Address (UMA) standard.UMA addresses support instant, secure, and open payments in any currency, combining human-readable Lightning Network addresses with messaging and real-time global payment channels of the Lightning Network.

ChainCatcher message, Lightspark co-founder and CEO, former PayPal president David Marcus stated, "We are building on the Bitcoin Lightning Network because now is the time for the world to have a universal open payment protocol."

ChainCatcher news, Lightspark, a Bitcoin Lightning Network company founded by Meta's cryptocurrency head David Marcus, announced the launch of the Lightspark Wallet SDK. The Lightspark Wallet SDK can handle the complexities of Lightning payments, allowing businesses to provide payment solutions to their customers within 48 hours. The Lightspark Wallet SDK also leverages Lightspark Predict, designed to ensure low latency, high payment success rates, and low costs.It is reported that in April 2023, Lightspark released a suite of products built on the Bitcoin Lightning Network, which serves as an enterprise-level gateway to the Lightning Network, allowing users to integrate support for instant Bitcoin transactions on the Lightning Network. In May 2022, Lightspark completed a funding round led by a16z and Paradigm, raising approximately $173 million at a valuation of nearly $1 billion. (source link)

ChainCatcher news, former PayPal president David Marcus's new startup Lightspark announced a suite of Bitcoin Lightning Network products on Tuesday, built on the Bitcoin network's Lightning Network.The Lightspark products allow users to integrate their platforms to support instant Bitcoin transactions on the Lightning Network. Specifically, it eliminates the need for Lightning Network node operators to manually balance inbound and outbound transactions. Lightspark claims it is the "first enterprise-grade entry point for the Lightning Network." Marcus believes that building the necessary tools to make the Lightning Network easier to use, due to Bitcoin's relative scale and a more secure regulatory foundation, is a better path than relying on alternative blockchains.According to a knowledgeable source who wished to remain anonymous, Lightspark completed approximately $173 million in funding last year at a valuation of nearly $1 billion.Previously reported last May, Lightspark completed a funding round led by a16z and Paradigm, but the specific amount was not disclosed at that time. (The Block)