Lightspark has introduced a new service that allows US businesses to send immediate payments directly to bank accounts through the Bitcoin Lightning Network.
Businesses can now effortlessly transmit UMA-powered payments to eligible recipients throughout the United States with Lightspark Extend. UMAs (Unified Messaging Addresses) streamline the value transmission process. They enable users to transmit payments by utilizing a human-friendly address, which is akin to an email, rather than recollecting lengthy codes or passwords. This simplifies and expedites the process of conducting transactions for both businesses and individuals, thereby minimizing the friction frequently associated with digital payments.
The integration of UMA with the Bitcoin Lightning Network through Lightspark Extend is a substantial advancement. It enables UMA and Lightning-enabled wallets to send Bitcoin payments to more than 99% of US institutions that accept real-time payments. By virtue of this extensive compatibility, businesses can guarantee their clients an effortless payment experience. Transferring funds directly to the bank accounts of eligible recipients is a rapid process.
Lightspark Extend’s 24/7 availability is one of its most notable features, as it enables businesses to submit payments at any hour of the day or night without any delays. This is particularly beneficial for businesses that operate across time zones or those that require urgency payments outside of the typical banking hours.
UMA is currently accessible in 120 countries, with entities such as Coins.ph in Asia and Ripio in Latin America. Also, Youhodler provides UMAs to their consumers in Europe. With the introduction of Lightspark Extend, this immediate payment solution is now available in the United States, enabling eligible US recipients to tap into the power of UMA.
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