MicroStrategy Wants to Deliver Bitcoin Wallets, Lightning Addresses to Corporate Account Holders

Business intelligence company MicroStrategy is doubling down on efforts to bring capabilities to its Bitcoin Layer 2 scaling solution – the Lightning Network – this year.

Its executive chairman Michael Saylor shared an update informing that the company is working on a product with the aim of giving every corporate account holder a bitcoin wallet and Lightning address.

• Important Intention The drive behind the move is to enable quick and easy development as well as deployment of bitcoin rewards applications for employees, customers, prospects and partners.
• The Lightning Network is a layer-2 payment protocol layered on top of bitcoin’s blockchain that enables off-chain transactions, increases payment throughput, and reduces transaction fees.
• reports suggest LN adoption is gaining momentum in emerging markets such as South America and Africa, which can be attributed to efforts by bitcoin payments company and wallet provider Stryk.
• Back in December, Saylor shared that MicroStrategy is exploring software and solutions that take advantage of LN, including solutions that support enterprise marketing in addition to a cybersecurity solution for corporate websites.
• The 58-year-old billionaire also announced the integration of Bitcoin’s Lightning Network into his corporate email address in April this year. This means that anyone can send BTC to Saylor using their company email address as an identifier.
• In addition to focusing on LN, MicroStrategy has continued its bitcoin purchases, making it the largest corporate holder of the major crypto-asset.
• MicroStrategy currently owns 140,000 BTC, according to data compiled by Bitcoin Treasury, having bought up more of the asset in all of the previous 11 quarters.