Bitgo, a leader of custody of digital assets and infrastructure, has announced a new association with voltage to allow instant payments of Bitcoin by integrating the light network. This movement aims to reduce transaction times and costs by up to 90% compared to traditional chain Bitcoin transfers.
Integration is designed to benefit exchanges, neobanks, payments and platform suppliers, giving them access to faster and faster and affordable bitcoin payment options. Bitgo’s custody and security systems are expected to accelerate the adoption of ray technology among institutional players, offering a safe framework for Bitcoin and Stablecoin transactions.
Enabling scalable and safe payments
“This is a change of play,” said the CEO of Bitgo, Mike Belshe. “Rayo integration through our association with voltage means that our clients can now access Bitcoin and Stablecoin payments that are not only safe but significantly faster and more profitable.”
Belshe emphasized that the association brings together Bitgo’s institutional degree with the scalability of the Lightning Network, helping to support the global transition to digital payments.
The voltage, known for its entrepreneurial degree rays infrastructure, echoed the feeling. The CEO Graham Krizek said that collaboration “would carry the power of the light network to the best Bitgo class platform”, which allows organizations around the world to send Bitcoin at lightning speed and a fraction of the cost.
Open the door to Stablecoin payments
Beyond Bitcoin, integration could also pave the way for Stablecoin transactions through the Lightning Network, a development that can be critical for broader financial use cases. This next step would make the Lightning network not only a faster payment channel, but also a bridge between Bitcoin and the world of digital assets backed by Fiat.
Founded in 2013, Bitgo serves more than 2,000 institutional clients in more than 90 countries. Its new collaboration with voltage marks another step to expand Bitcoin’s usefulness beyond investment, so it is a viable payment tool for daily and business transactions.
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