Bitcoin Still Unsuited for Mainstream Payments, Says Deutsche Bank

In this respect, The Lightning Network, which aims to improve bitcoin’s scalability by boosting speed and lowering costs, could be promising, Laboure wrote. Lightning Network claims it can process 25 million transactions per second at a cost of four cents per transaction, implying that it is a thousand times faster than Visa at processing payments, with lower fees, Deutsche wrote. But Visa and Mastercard currently post transaction volumes that dwarf those of the Lightning Network.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.