BitGo Enables Lightning Network Payments Directly from Custody
BitGo now offers institutional clients Bitcoin Lightning Network access directly from its qualified custody platform.Summary
Digital asset infrastructure company BitGo announced the integration of Bitcoin Lightning Network access directly within its qualified custody platform, making it one of the first to offer this for institutional custody. This service, powered by a partnership with infrastructure provider Voltage, allows clients to execute faster, cheaper Bitcoin transactions without the operational overhead of managing nodes, channels, liquidity, or keys, utilizing simple APIs for sending payments and generating invoices.
This development occurs as the Lightning Network capacity hits an all-time high of 5,637 BTC, driven by institutional inflows, although broader node and channel growth lags. BitGo CEO Mike Belshe stated the integration combines Lightning's speed with BitGo's security to make Bitcoin practical for everyday payments. The article also notes BitGo's recent conditional approval from the OCC to become a federally chartered national trust bank.
(Source：Bitcoin Magazine)