4.6 C
New York
Friday, March 1, 2024

Michael Saylor Eyes Delivering Bitcoin Wallet Address To Corporate Users

Must read

Michael Saylor Eyes Delivering Bitcoin Wallet Address To Corporate Users

  • 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.

Saylor stated:

“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.

More articles

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 comments
Inline Feedbacks
View all comments

Latest News