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Friday, February 3, 2023

Microstrategy Comes Up With New Ideas

MicroStrategy, a business intelligence firm, is aiming to offer solutions for the Lightning Network by 2023. The company wants to be able to accept Bitcoin (BTC) as a form of payment in the future, said MicroStrategy CEO Michael Saylor during a Lightning Labs event on April 13.

Lightning is a layer-2 protocol that aims to speed up crypto transactions and reduce the costs of Bitcoin payments.

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Lightning is a payment channel that allows for faster transactions and lower fees. Lightning can be used with Bitcoin, Ethereum, Litecoin, Bitcoin Cash and more.

MicroStrategy, a business intelligence software firm, has been offering solutions for the Lightning Network since 2019. This week, the company announced its plans to offer further solutions in 2023.

The company’s vice president of digital products, Alexander Shvets, told CoinDesk that MicroStrategy is “proud of our early adoption of Lightning as a payment protocol and we are excited to offer our clients even more features with this upcoming release.”

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MicroStrategy CEO Michael Saylor has said that the firm will do so once it has come up with an adequate solution that would not harm its shareholders.

Microstrategy To Innovate In 2023

“We are working on a solution to make bitcoin payments more secure and easy to use,” Saylor told CNBC on Tuesday, June 4.

“The technology we are developing will allow anyone to make instantaneous payments using their cell phone or computer without having to download an app.”

He added: “Our goal is to have this solution ready for market in early 2021.”

MicroStrategy wants to be able to accept Bitcoin (BTC) as a form of payment in the future, said Saylor during a Lightning Labs event on April 13.

“We love the idea of being able to allow customers to pay for our service with Bitcoin… We want to be able to accept that currency in some way and also provide it as an option for our employees,” Saylor said during his presentation at the event.

In October last year, MicroStrategy launched its own cryptocurrency exchange called BlockExcel based on the ERC20 token standard after acquiring its parent company BlockEx Ltd for $50 million USD.

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