India’s Leading Bitcoin And Crypto Exchange Unocoin Integrates Lightning
Unocoin, a prominent bitcoin and crypto exchange in India, has recently made headlines with the successful integration of the Lightning Network. This second-layer protocol, powered by Voltage, a leading U.S.-based infrastructure provider, is designed to facilitate fast and low-cost bitcoin transactions. This development is a significant step forward for bitcoin utility in India, particularly amidst the increasing demand for scalable and cost-effective transactions.
The adoption of the Lightning Network by Unocoin is a strategic move aimed at providing its users with instant bitcoin settlements. Furthermore, the exchange plans to extend this feature to enable Tether (USDT) transfers via the same network in the near future. Sathvik Vishwanath, the CEO of Unocoin, emphasized the importance of enhancing transaction efficiency and cost-effectiveness for their users through this integration.
In a time when the regulatory landscape for cryptocurrencies in India remains uncertain, Unocoin’s decision to embrace Lightning technology sets them apart as a resilient and innovative player in the market. While other exchanges have faced challenges and some have even exited the market, Unocoin has demonstrated its commitment to maintaining operations and user trust.
Graham Krizek, the CEO and Founder of Voltage, highlighted the transformative potential of the Lightning Network in revolutionizing bitcoin scalability. Through their partnership with Unocoin, Voltage aims to bring these benefits to millions of users in India, promoting greater adoption and utility of bitcoin in everyday transactions.
Overall, Unocoin’s integration of the Lightning Network signifies a significant milestone in the evolution of bitcoin transactions in India. By leveraging cutting-edge technology and strategic partnerships, the exchange is at the forefront of driving innovation and promoting the mainstream adoption of cryptocurrencies in the country.
