MicroStrategy integrates Lightning Network into corporate email

Now the email address can be used to send BTC

18.04.2023 - 08:15

3901

3 min

What’s new? Michael Saylor, the chairman of the board of directors of MicroStrategy, reported that the company has integrated the Lightning Network payment protocol into his corporate email address. This means that the address can be used as an identifier to send bitcoins. Saylor said that after the integration people started sending him satoshi (1 SATS = 0,00000001 BTC).

So @MicroStrategy converted my corporate email address into a #Lightning⚡️ address and people keep sending me 21 sats...🧡 pic.twitter.com/FHde6RtA6N
— Michael Saylor⚡️ (@saylor) April 17, 2023

The Lightning Network, a Layer 2 (L2) payment protocol, is used to speed up transactions on the Bitcoin network and address scalability issues. It was implemented into the mainnet in 2018.

What else is known? The integration uses The Lightning Address protocol, which allows developers to replace a standard Lightning account or payment request with an Internet identifier, such as an email address.

In September 2022, Saylor reported that MicroStrategy has several R&D projects underway that are working on enterprise applications based on the Lightning Network. Solutions include developing wallet, server, and authentication mechanisms for large enterprises.

MicroStrategy’s position in BTC overcame the break-even level after the asset grew above $30 000

The company’s average purchase price of 140 000 coins was $29 803

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MicroStrategy later hired a software engineer to develop a cloud-based SaaS platform based on the Lightning Network. According to the hiring announcement, the site provided ready-made e-commerce and cyber-security solutions.

Late last year, Saylor shared the company’s plans to release software based on the Lightning Network. MicroStrategy explores tools such as solutions to support corporate marketing and the cybersecurity of corporate websites.

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