Revolut Plans to Launch Bitcoin Lightning Payments for European Users via Lightspark
Revolut Launches Bitcoin Lightning Payments for European Users via Lightspark
The integration will provide customers with the ability to make more cost-effective and faster transactions using Lightspark's payment platform, which is based on Bitcoin's Lightning Network.
Christian Sandor, AI Boost | Edited by Sheldon Rebeck May 7, 2025, 1:51 PM
Key points:
- Revolut intends to use Lightspark to process transactions on the Bitcoin Lightning Network for customers in the UK and several European countries.
- The goal of this integration is to reduce transaction fees and payment processing times by using the Lightspark platform for international payments.
- The move cements Revolut's position as one of the fintech companies implementing faster crypto payment systems using blockchain technology.
Digital bank Revolut is partnering with Lightspark to introduce Bitcoin (BTC) transactions via the Lightning Network for users in the UK and certain European Economic Area (EEA) countries.
The feature is aimed at reducing transaction fees and payout processing times for cryptocurrency users, as stated in a blog post by Lightspark. When contacted via email, the company did not provide specific information about the launch timeline for the feature.
Lightspark, run by former PayPal executive David Marcus, provides back-end infrastructure for access to the so-called “Money Grid” – a decentralized network for global, real-time payments.
The Lightning Network is a second-layer system built on the Bitcoin blockchain that allows transactions to be completed almost instantly and with low fees. By connecting to the network via Lightspark, Revolut users can avoid the congestion and high fees of the underlying blockchain, sending BTC faster and more efficiently.
“Integrating with Lightspark is a logical step,” Revolut’s general manager of cryptocurrency Emil Urmanshin said in a post. “We’re always looking to make financial services faster and more accessible, and their approach to global transactions gives us the opportunity to do so.”
The integration puts London-based Revolut among a growing number of fintech companies turning to faster, crypto-native payment systems. Bitcoin-focused payments company Strike processed $6 billion in volumes last year, CEO Jack Mallers said in a letter to investors published by X last month.
More information: Visa doubles down on stablecoins by investing in blockchain payments company BVNK
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