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Revolut, a prominent digital banking platform, has announced its strategic collaboration with Lightspark to introduce a new payment feature utilizing the Bitcoin Lightning Network. This initiative, aimed at users in the UK and select countries in the European Economic Area, is designed to significantly enhance transaction efficiency by lowering fees and speeding up payment processing times. To access this innovative feature, Revolut users must undergo KYC verification and maintain a balance in BTC within their accounts. This partnership signals a notable shift toward more effective digital transactions, as Lightspark, helmed by ex-PayPal executive David Marcus, is at the forefront of developing a robust global payment infrastructure built on the Bitcoin Lightning Network. Details regarding the official launch timeline remain undisclosed, but the anticipation adds to the evolving landscape of cryptocurrency payments.
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