The Coinbase CEO confirmed his intention to add The Lightning Network protocol to the trading platform functionality, which is able to make transactions faster and cheaper.

Brian Armstrong, after a long wait, spoke about the upcoming changes to the Bitcoin Lightning Network at Coinbase. On social networks, he responded to the post of one of the users:

“Brain (pun: d. – Bits. Media.) Armstrong is actively ignoring the Bitcoin Lightning Network.” He never tweeted about it. Never”.

per post
followed by the answer:

“My tweets have been self-deleting for months. In this regard, you will not find anything in history. Lightning is great and that’s why we’ll be integrating it.”

In a statement, the CEO makes it clear that integration could happen soon.

The Lightning Network allows you to send and receive bitcoins cheaper and faster by conducting a transaction outside the main blockchain. The network is made in such a way that transfers are as fast as possible in order to facilitate the use of BTC as a digital currency, solving some problems with protocol limitations. The network uses a system for making payments between two users outside the blockchain. Once channels are established, bitcoin can move between users on an ongoing basis.

Recall that earlier the Xapo cryptobank announced the integration of payments in bitcoins through the Lightning Network.