Digital bank Revolut plans to introduce support for Bitcoin payments via the Lightning Network for customers in the United Kingdom and several countries within the European Economic Area. The announcement was made by the project’s partner, infrastructure platform Lightspark.
What Is Known About the Launch
According to the statement, the new feature will help reduce fees and accelerate the processing of cryptocurrency transfers. Exact launch dates have not yet been disclosed. Revolut will connect to the Lightning Network through Lightspark’s technical solution, which enables banks and fintech platforms to integrate with the “Money Grid” — a decentralized network for global instant payments.
The Lightning Network is a second-layer (Layer-2) solution built on top of the Bitcoin blockchain. It is designed to facilitate fast and low-cost transactions without requiring each transaction to be recorded on the main chain.
Revolut’s Statement
Revolut’s Head of Crypto Emil Urmanshin emphasized that the partnership with Lightspark is a logical step in the bank’s evolution of digital payments.
“We are constantly looking for ways to speed up and reduce the cost of financial services. Lightspark’s infrastructure makes this possible on a global level,” he noted.
A Growing Trend Among Fintech Companies
Revolut’s decision is part of a broader industry trend. An increasing number of major fintech companies are turning to Lightning Network integrations to offer users faster and cheaper cryptocurrency transfers. For example, Bitcoin payments service Strike, which specializes in Lightning Network transactions, processed $6 billion in payments last year, according to CEO Jack Mallers in a letter to investors.
It is not yet clear which EEA countries will gain access to the feature, but the announced plans reflect Revolut’s growing interest in scalable blockchain solutions.
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