RATE Group | Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network
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Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network

29 May Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network

Posted at 18:54h in Bitcoin News by

Bitpay Has 'No Current Plans' to Support Liquid or the Lightning Network

According to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid project.

Liquid or the Lightning Network Not on the Roadmap

The top cryptocurrency payment processor Bitpay says the company won’t be leveraging the Liquid project or the Lightning Network any time soon. Both projects are offchain solutions that have been touted as the answer to BTC’s scaling issues. However, both projects have seen little adoption compared to the Ethereum chain’s solutions. As far as bitcoin total value locked (TVL) within the chain, Ethereum is BTC’s most prominent sidechain. This week, Bitpay’s Chief Marketing Officer Bill Zielke told fintech and crypto columnist, Kyle Torpey, that onchain bitcoin payments are the most prevalent of payments on the Atlanta-based company’s system.

“As of…

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