InsideBitcoins.com

Travel Agency to Integrate Lightning Network, Increasing Payment Speeds and Security

The Lightning Network, a protocol being built on top of the Bitcoin blockchain to help solve for scalability, is being used by an online ticketing agency.

This agency is called Future.Travel, and they recently partnered with Neutronpay to help integrate the network into the former’s offering, according to a press release.

As you may know, the Lightning Network ensures for faster transaction times, increasing the use case of the Bitcoin network and making it more accessible.

Speaking on the matter is David Watson, the General Director at Future.Travel:

“Being able to offer consumers real-time secure financial transactions is the main issue in developing a reliable, trusted, and growing online business. The Lightning Network is the next step to reducing overheads of both cost and time.”

Future.Travel has been accepting Bitcoin for the past six years. This implementation will only speed up these transactions and lower overall costs, the release notes.

On top of lowered fees, the blockchain also increases security and ensures users don’t have to worry about information theft.

Recently, Lightning Labs, one of the teams focusing on developing the Lightning Network, raised $10 million to keep the project going, as InsideBitcoins has previously reported.

Jack Dorsey, Twitter and Square Cash founder, is a big proponent of this protocol as well.

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