- A BTC wallet and a Lightning address will soon be made available to corporate account users.
- The founder of MicroStrategy believes Bitcoin will be the dominant currency in the future.
MicroStrategy, a developer of business software and analytics, has stated that it would soon release a number of products relating to Bitcoin. A Bitcoin (BTC) wallet and a Lightning address will soon be made available to corporate account users, as he revealed in a recent Twitter post.
At @MicroStrategy, we are working on a product to deliver a #Bitcoin wallet & #Lightning address to every corporate account holder and enable quick & easy development & deployment of bitcoin rewards applications to employees, customers, prospects, & partners. pic.twitter.com/XxYoWtGjvU
— Michael Saylor (@saylor) May 14, 2023
Employees, customers, prospects, and partners may quickly and easily build and deploy bitcoin rewards apps with this extension. The Bitcoin Lightning Network is a development that has the potential to revolutionize the cryptocurrency sector and push BTC towards widespread use. Saylor has long had a positive outlook on the BTC Layer 2 scaling solution.
Banking on Layer 2 Scaling Solution
The founder of MicroStrategy, who believes Bitcoin will be the dominant currency in the future, thinks the Lightning Network will make financial transactions faster and cheaper.
“If you’re going to do payments and transactions high speed, you’re going to need a base layer that’s ethically sound, economically sound, and technically sound. That’s what Bitcoin is. But then billions and billions of transactions are going to go on a layer 2 like Lightning.”
In the long run, this is expected to increase demand for Bitcoin. Despite not being a cryptocurrency company, MicroStrategy now has the greatest BTC holding in the world. Over the course of roughly three years, the intelligence business has amassed more than 140,000 Bitcoin.
According to a document filed with the SEC on April 4, 2023, MicroStrategy bought 1,045 Bitcoin between March 24 and April 4, 2023. The company is still actively accumulating Bitcoin.