Crypto News | Bitcoin micropayment processing system

Bitcoin micropayment processing system has been launched! Bitcoin startup Blockstream has released the system that enables building bitcoin apps on top of its Lightning Network. The system is called Lightning Charge and it complements Lightning Network – a Bitcoin underlying software with which transactions become much quicker and cost-effective and, but the security of the blockchain remains intact. With Lightning Charge, developers can easily create Lightning-powered payment applications. Blockstream also announced that it will launch an e-commerce store powered by Lightning Charge, but it’s still at the testing stage. Anyhow, Bitcoin micropayment processing system is now out, and that’s definitely good news for bitcoin holders.

The second piece of crypto news today comes from the United States. A bill there aims to establish a team that will research the ways terrorism could be financed through cryptocurrencies. They will propose regulations to counter such activities. This task force will be headed by the Secretary of the Treasury. Also, the House of Representatives introduced the “Homeland Security Assessment of Terrorist Use of Virtual Currencies Act” that studies the same thing. According to the bill, there will be a program of rewarding people who provide information on illicit use of cryptocurrency in terrorism financing.

After the U.S., we’re going to Russia. Russian president Vladimir Putin thinks Russia will need legislation on the use of cryptocurrency. This will be one of the future tasks of the central bank. As you can see, there are many institutional moves that are yet to be made regarding cryptocurrencies. This is also good for the entire market because cryptocurrencies are definitely recognized as an economic value which needs to be put under the legislation of particular states. This will make things more stable and secure for everyone. We will have more interesting news for you tomorrow, so make sure you check us again. Until then, happy trading!


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Author: Max Rothstein

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