Revolut is collaborating with Lightspark to enable
payments via the Bitcoin-based Lightning Network, a move that aims to
streamline crypto transfers for users across the UK and select European
countries.
With traditional blockchain payments often considered slow and
costly, the two firms expect this partnership to enable real-time,
crypto-native infrastructure in fintech.
Addressing Delays in Bitcoin Transfers
Revolut’s upcoming feature will connect users to the
Lightning Network using Lightspark’s backend infrastructure. This network acts
as a secondary layer on top of Bitcoin , allowing transactions to be settled in
near real-time while avoiding the congestion and fees often associated with the
base blockchain.
Revolut Launches Bitcoin Lightning Payments in European Markets
Digital bank Revolut announced that it will cooperate with Lightspark to launch a payment function based on the Bitcoin Lightning Network in the UK and some European Economic Area countries. This move aims to use …
— Bpay News (@bpaynews) May 7, 2025
Lightspark, founded by former PayPal executive David
Marcus, has positioned itself as a gateway to what it calls the “Money Grid”, a
decentralized system for instant global payments. Through this setup, Revolut
aims to enhance its crypto offerings by allowing smoother Bitcoin transfers.
While the companies have not specified a launch date,
the collaboration puts Revolut among a growing number of financial technology
firms embracing faster crypto-native payment rails. The move echoes a broader
trend in the industry, as firms seek to build infrastructure that can rival
traditional banking speed and cost efficiency.
Lightning Network Popularity
The Lightning Network , once a niche solution for
Bitcoin purists, is now gaining traction as fintech platforms like Strike, which
reported $6 billion in volume last year, prove its commercial viability.
By adopting Lightspark’s infrastructure, Revolut
signals its intent to compete not just in crypto custody and trading, but in
active transaction processing. Users in the UK and European Economic
Area will soon be able to send BTC with a few taps, skipping delays and
slashing fees.
You may also like: How Revolut Added 15 Million Users in Just One Year (While Doubling Profits)
This step reinforces Revolut’s ambitions in crypto and
underscores a shift in how digital banks approach Bitcoin, not just as an
investment asset, but as a functional currency for everyday payments.
Revolut has experienced substantial growth. Last month, the
digital banking giant posted a substantial 149% jump in profit before tax to
$1.4 billion (£1.1 billion) for 2024, marking its fourth consecutive year of
profitability.
Nik Storonsky, Source: LinkedIn
“This performance earned us the status of Europe’s most
valuable private technology company,” said Nik Storonsky, CEO of Revolut. “We’re making strong progress towards 100 million daily active customers
across 100 countries.”
Besides that, the London-based fintech giant reported a 38%
increase in customer base to 52.5 million users globally, while total customer
balances rose 66% to $38 billion (£30 billion).
Revolut is collaborating with Lightspark to enable
payments via the Bitcoin-based Lightning Network, a move that aims to
streamline crypto transfers for users across the UK and select European
countries.
With traditional blockchain payments often considered slow and
costly, the two firms expect this partnership to enable real-time,
crypto-native infrastructure in fintech.
Addressing Delays in Bitcoin Transfers
Revolut’s upcoming feature will connect users to the
Lightning Network using Lightspark’s backend infrastructure. This network acts
as a secondary layer on top of Bitcoin , allowing transactions to be settled in
near real-time while avoiding the congestion and fees often associated with the
base blockchain.
Revolut Launches Bitcoin Lightning Payments in European Markets
Digital bank Revolut announced that it will cooperate with Lightspark to launch a payment function based on the Bitcoin Lightning Network in the UK and some European Economic Area countries. This move aims to use …
— Bpay News (@bpaynews) May 7, 2025
Lightspark, founded by former PayPal executive David
Marcus, has positioned itself as a gateway to what it calls the “Money Grid”, a
decentralized system for instant global payments. Through this setup, Revolut
aims to enhance its crypto offerings by allowing smoother Bitcoin transfers.
While the companies have not specified a launch date,
the collaboration puts Revolut among a growing number of financial technology
firms embracing faster crypto-native payment rails. The move echoes a broader
trend in the industry, as firms seek to build infrastructure that can rival
traditional banking speed and cost efficiency.
Lightning Network Popularity
The Lightning Network , once a niche solution for
Bitcoin purists, is now gaining traction as fintech platforms like Strike, which
reported $6 billion in volume last year, prove its commercial viability.
By adopting Lightspark’s infrastructure, Revolut
signals its intent to compete not just in crypto custody and trading, but in
active transaction processing. Users in the UK and European Economic
Area will soon be able to send BTC with a few taps, skipping delays and
slashing fees.
You may also like: How Revolut Added 15 Million Users in Just One Year (While Doubling Profits)
This step reinforces Revolut’s ambitions in crypto and
underscores a shift in how digital banks approach Bitcoin, not just as an
investment asset, but as a functional currency for everyday payments.
Revolut has experienced substantial growth. Last month, the
digital banking giant posted a substantial 149% jump in profit before tax to
$1.4 billion (£1.1 billion) for 2024, marking its fourth consecutive year of
profitability.
Nik Storonsky, Source: LinkedIn
“This performance earned us the status of Europe’s most
valuable private technology company,” said Nik Storonsky, CEO of Revolut. “We’re making strong progress towards 100 million daily active customers
across 100 countries.”
Besides that, the London-based fintech giant reported a 38%
increase in customer base to 52.5 million users globally, while total customer
balances rose 66% to $38 billion (£30 billion).
Feed from Financemagnates.com