MicroStrategy launches Lightning Network-based rewards service

Lighting Rewards is designed for bonus programs and pays rewards in satoshi

05.05.2023 - 16:30

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What’s new? Analytics software company MicroStrategy has launched a customer and employee rewards platform based on the Lightning Network payment protocol. Lighting Rewards is a service for rewards programs that pays rewards in satoshi (1 SATS = 0б00000001 BTC) for various actions. According to the website, the platform offers unlimited scalability and high security with an open, extensible microservices architecture.

Microstrategy website

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 about the service? Users will be able to customize Lighting Rewards to their liking, such as setting the size of rewards and the list of actions, such as watching videos, to receive them. Integration of the platform is available with most enterprise applications, such as Salesforce, Zoom, and Adobe, and takes “a matter of minutes.

MicroStrategy previously integrated the Lightning Network into the corporate email address of Michael Saylor, the chairman of the board of directors.

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.

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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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