BitGo and Voltage have announced a partnership aimed at enhancing speed and security in crypto transactions through the integration of the Lightning Network into their crypto asset infrastructure. This collaboration offers beneficial opportunities for institutional clients, crypto asset management firms, and fintech companies.
BitGo News
The Lightning Network, which will be integrated into BitGo’s existing infrastructure, aims to facilitate fast and low-cost crypto asset transactions on a global scale. This system allows exchange companies and digital banking applications to streamline their operations more efficiently.
Compared to the Bitcoin 
$0.000035 network’s speed and fee structures, the Lightning Network enables transactions that are significantly faster and cheaper.
Lightning Network
Designed to provide speed increases of up to 90% and reduced costs compared to traditional on-chain transactions, the integration of the Lightning Network is geared towards increasing operational efficiency within corporate crypto asset transactions. The advantages offered by this technology are expected to meet the anticipated demand for efficiency in the corporate sector.
BitGo’s previous initiatives are regarded as significant references in developing crypto asset security and rapid transaction solutions.
Mike Belshe, CEO of BitGo: “BitGo has always been a pioneer in crypto asset security and infrastructure. The integration with Voltage enhances our ability to offer clients faster and more cost-effective transactions. This collaboration represents a key step in supporting corporate security and efficiency in global payment solutions.”
Management at Voltage also expressed that this integration represents a significant innovation for the sector.
Graham Krizek, CEO of Voltage: “We are pleased to integrate the power of the Lightning Network into BitGo’s platform. This will enable users to conduct crypto asset transactions faster and more cost-effectively. Our collaboration aims to deliver innovative solutions in the industry.”
Supported by previous technological advancements, such as mechanisms like Replace-By-Fee, BitGo continues to strengthen its infrastructure in the crypto asset space with this new integration. This move is particularly noteworthy for its potential to offer corporate clients faster, more efficient, and economical transaction solutions, fostering the spread of innovative digital payment processes.
