MicroStrategy Rolls Out Wallet and Lightning Address for Account Holders

In a strong commitment to Bitcoin adoption, business intelligence firm MicroStrategy is intensifying its efforts to incorporate layer 2 scaling solutions, particularly the Lightning Network, this year. Executive chairman Michael Saylor recently provided an update, revealing that the company is developing a product to offer a Bitcoin wallet and Lightning address to every corporate account holder.

The primary objective behind this initiative is to facilitate the swift and seamless development and deployment of Bitcoin rewards applications for employees, customers, prospects, and partners. The Lightning Network serves as a layer-2 payment protocol built on top of the Bitcoin blockchain, enabling off-chain transactions, increasing payment throughput, and reducing transaction fees.

Reports indicate that the adoption of the Lightning Network is gaining momentum, particularly in emerging markets like South America and Africa. This can be attributed, in part, to the efforts of the Bitcoin payment company and wallet provider Strike.

Back in December, Saylor shared MicroStrategy’s exploration of software and solutions that leverage the Lightning Network. These included solutions supporting enterprise marketing and a cybersecurity solution tailored for corporate websites. In April, the 58-year-old billionaire also announced the integration of Bitcoin’s Lightning Network into his corporate email address. This allows anyone to send BTC to Saylor using his company email address as an identifier.

Aside from its focus on the Lightning Network, MicroStrategy has consistently expanded its Bitcoin holdings, making it the largest corporate holder of the flagship cryptocurrency. According to data compiled by Bitcoin Treasuries, MicroStrategy currently owns 140,000 BTC, accumulating more portions of the asset throughout all 11 previous quarters.

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