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Blockstream Boosts Bitcoin Satellite Service With Lightning Payments

Bitcoin users’ ability to send transactions through outer space has just been given a boost.
Blockchain technology firm Blockstream announced Monday that it has expanded its satellite service to the Asia-Pacific region. It’s also added support for lightning network transactions, allowing users to pay for its service using the “layer 2” scaling solution.
The company first launched Blockstream Satellite in August 2017, which lets bitcoin users transfer bitcoin through leased satellites. Initially, users in Africa, Europe and the Americas were able to utilize the system. At the time, CEO Adam Back said the service was aimed at individuals with limited internet access or who otherwise face issues accessing bitcoin.
Category: Blockchain
Date: 19.12.2018 08:44

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