BitGo Partners Voltage to Boost Bitcoin Payments by 90%

BitGo and Voltage have announced a strategic partnership to revolutionize Bitcoin payments by integrating the Lightning Network into BitGo’s digital asset infrastructure. This collaboration aims to enable exchanges, neobanks, payment providers, and fintech firms to execute instant Bitcoin and stablecoin transactions with enhanced efficiency and security.

The partnership is significant as it marks the first instance of a major institutional custodian integrating the Lightning Network, a second-layer protocol designed to accelerate and reduce the cost of Bitcoin transfers. BitGo’s extensive client base will now have direct access to the Lightning Network’s capabilities within their existing digital asset platforms.

Mike Belshe, CEO of BitGo, highlighted the importance of this integration, stating, “BitGo has always been at the forefront of innovation in digital asset security and infrastructure. Partnering with Voltage to integrate the Lightning Network into our product enhances our ability to provide clients with faster, more cost-effective Bitcoin and stablecoin transactions. This partnership is a game-changer in bridging institutional-grade security with scalable, low-cost global payments.”

The integration with Voltage’s Lightning infrastructure is expected to make Bitcoin transactions more than 90% faster and 90% cheaper compared to traditional on-chain transactions. This initiative is anticipated to accelerate the adoption of the Lightning Network among institutional clients and pave the way for seamless stablecoin settlement via the same network.

Graham Krizek, CEO of Voltage, expressed enthusiasm about the partnership, saying, “We’re thrilled to partner with BitGo to bring the power of the Lightning Network to their best-in-class platform. Together, we’re enabling organizations worldwide to send Bitcoin faster and cheaper than ever before. BitGo has been an industry leader for over a decade, and we’re proud to collaborate in delivering cutting-edge solutions to their customers.”

This move also signifies a return to BitGo’s Bitcoin-native roots. Known for pioneering multi-signature security solutions, BitGo continues to expand its offerings for institutional investors while leveraging the latest developments in Bitcoin scaling technology. Last year, BitGo integrated Replace-By-Fee (RBF), allowing clients to replace transactions stuck in the mempool, providing users with more control over their transactions.