{"id":427229,"date":"2022-04-06T06:08:03","date_gmt":"2022-04-06T03:08:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/visa-should-be-scared-lightning-labs-raises-70m-to-add-stablecoins\/"},"modified":"2022-04-06T06:08:03","modified_gmt":"2022-04-06T03:08:03","slug":"visa-should-be-scared-lightning-labs-raises-70m-to-add-stablecoins","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/visa-should-be-scared-lightning-labs-raises-70m-to-add-stablecoins\/","title":{"rendered":"# Visa should be &#8216;scared&#8217;: Lightning Labs raises $70M to add stablecoins"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34fd10a5be1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34fd10a5be1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/visa-should-be-scared-lightning-labs-raises-70m-to-add-stablecoins\/#%E2%80%9D_Visa_should_be_%E2%80%98scared_Lightning_Labs_raises_70M_to_add_stablecoins_%E2%80%9C\" >&#8221; Visa should be &#8216;scared&#8217;: Lightning Labs raises $70M to add stablecoins &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Visa_should_be_%E2%80%98scared_Lightning_Labs_raises_70M_to_add_stablecoins_%E2%80%9C\"><\/span>&#8221; Visa should be &#8216;scared&#8217;: Lightning Labs raises $70M to add stablecoins &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMGZlN2EzZjgtZDdmZC00MGQzLTg2ZWMtODgwNGM3ODVlMGNhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin software firm Lightning Labs has secured a large funding round enabling it to further develop the Lightning Network for faster, cheaper Bitcoin and stablecoin transactions.<\/p>\n<p>The $70 million <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> B funding round was led by Valor Equity Partners, with participation from Baillie Gifford, Goldcrest Capital, and several other angel investors. Lightning Labs builds additional features and software for the Lightning Network (LN), Bitcoin\u2019s layer-two transaction solution.<\/p>\n<p>The funding will be channeled into a new protocol it has developed called Taro, which will enable stablecoins to be transferred using the LN, according to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/techcrunch.com\/2022\/04\/05\/lightning-labs-raises-funding-to-enable-stablecoin-transfers-through-bitcoin-network\/\" data-amp=\"https:\/\/techcrunch-com.cdn.ampproject.org\/c\/s\/techcrunch.com\/2022\/04\/05\/lightning-labs-raises-funding-to-enable-stablecoin-transfers-through-bitcoin-network\/amp\/\"> reports<\/a>. Lightning Labs will not issue stablecoins, but the infrastructure will allow them to be sent over the network.<\/p>\n<p>Stablecoin transactions were made possible with the Bitcoin Taproot upgrade in November 2021, which also introduced smart contract capabilities.<\/p>\n<p>The firm believes that Taro will enable further Bitcoin adoption as it potentially allows the unbanked in developing countries to send money using stablecoins.<\/p>\n<p>Speaking to Forbes, Elizabeth Stark, CEO and co-founder of Lightning Labs, said, \u201cThat\u2019s really significant because the potential here is for all the world&#8217;s currencies to route through Bitcoin over the Lightning Network.\u201d Speaking to Tech Crunch, she added:<\/p>\n<blockquote><p>\u201cIf I were Visa, I\u2019d be scared because there are a lot of people out there that have mobile phones, but now don\u2019t need to tap into the traditional system.\u201d<\/p><\/blockquote>\n<p>Lightning Labs raised $10 million from its Series A in September, which followed a $2.5 million seed round in 2018.<\/p>\n<p>The LN is currently being used extensively in El Salvador, the first country to make Bitcoin legal tender. It has also been put into action on the payments platform Strike and the tipping tool on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>. The current network collateral is 3,693 BTC, worth around $167 million, a 5.8% increase over the past month, according to the<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/1ml.com\/statistics\"> stats<\/a>. <\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>First publicly listed, purpose-built Lightning Network company launches new accessible platform<\/em><\/strong><\/p>\n<p>Stablecoins are now an integral part of the digital currency ecosystem and are slowly being accepted by global regulators. The latest to give fiat-pegged assets the green light is the United Kingdom&#8217;s Economic and Finance Ministry which intends to adjust the existing regulatory framework to incorporate stablecoins as a payment method.\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/visa-should-be-scared-lightning-labs-raises-70m-to-add-stablecoins\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Visa should be &#8216;scared&#8217;: Lightning Labs raises $70M to add stablecoins &#8220; Bitcoin software firm Lightning Labs has secured a large funding round enabling it to further develop the Lightning Network for faster, cheaper Bitcoin and stablecoin transactions. The $70 million Series B funding round was led by Valor Equity Partners, with participation from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":427230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMGZlN2EzZjgtZDdmZC00MGQzLTg2ZWMtODgwNGM3ODVlMGNhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75029,75493,74355],"class_list":["post-427229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-lightning-network","tag-stablecoin","tag-adoption"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=427229"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/427230"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=427229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=427229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=427229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}