Austrian Bitcoin Broker Coinfinity Integrates Lightning Network

Austrian bitcoin broker Coinfinity recently integrated the Lightning Network into its services, allowing customers to make bitcoin purchases with lower transaction fees and faster processing times.

Highlighting the importance of this integration, Coinfinity Chief Development Officer Thomas Bergstaller said, “Getting to market so quickly is an important innovation step for us at Coinfinity, and Lightning itself is key to the global adoption of bitcoin as a utility. An essential basis is the monetary system.”

The Lightning Network, a Layer 2 scaling solution, addresses the limitations of the bitcoin blockchain by facilitating faster and more cost-effective transactions for smaller bitcoin amounts. By leveraging the Lightning Network, Coinfinity aims to increase bitcoin’s utility as a competitive payment system, surpassing the transaction volumes of major card networks such as Visa or Mastercard.

Coinfinity’s customers can gradually access Lightning features through the company’s web portal and mobile apps for iOS and Android — currently, users can use Lightning to buy bitcoin, after which it can be used as a savings plan feature and Will then be integrated into the sales function.

This integration not only provides convenience to the users but also contributes to the widespread adoption of bitcoin as a viable means of payment. The move comes as Coinfinity seeks to optimize transaction efficiency and reduce the costs associated with traditional bitcoin transactions.

For more information on Coinfinity’s Lightning Network integration, those interested can read Blog post on company website,