Lightning Labs co-founder Elizabeth Stark on stage at The Lightning Conference. Lightning Labs / Enid ValuBitcoin payments startup Lightning Labs has raised $10 million to expand its payments network that lets companies and individuals spend bitcoin as easily as more traditional services. If this new breed of cryptocurrency products catches on it would amount to a Visa payments network, without Visa as a gate-keeper, according to Lightning Labs co-founder and CEO Elizabeth Stark. Also, in spite of being an investor in Lightning Labs, Square co-founder Jack Dorsey earlier this year revealed his company was working on potentially competing software for developers to build on the Lightning Network. On the other hand, Pfeffer describes Lightning Labs as a rare opportunity for both to happen.

Source: Forbes February 05, 2020 15:00 UTC