Xapo Bank has announced its integration with the Lightning Network infrastructure platform Lightspark.
The Integration Improves Bitcoin Capabilities and Reduces Transaction Fees
The integration will improve the capabilities of Bitcoin and reduce transaction fees on the original Bitcoin network. Xapo Bank members can now instantly pay for small purchases of up to $100 at any vendor accepting Lightning payments.

(Image credit: Xapo Bank)
The new integration was introduced on February 27 as part of a new update for Xapo bank’s apps on the Apple Store and Google Store. The partnership with Lightspark allowed the firm to implement Lightning on its platform, making transactions faster and cheaper for Xapo users.
Benefits of Lightning Network Integration
Xapo Bank CEO Seamus Rocca noted that Bitcoin’s transaction confirmation can take up to one hour during periods of high usage, making it unsuitable for small daily payments like groceries. By integrating the Lightning Network, Xapo allows its customers to pay using Bitcoin without having to convert it to the U.S. dollar.

(Image credit: Xapo Bank)
The Lightning Network integration also allows Xapo Bank to reduce blockchain confirmation waiting times and transaction fees on the original Bitcoin network, making transactions faster and cheaper for its customers.
According to Xapo Bank, the integration will enable customers to make instant payments for small purchases up to $100 at any vendor that accepts Lightning payments. High-volume transactions are initially not supported with the integration.
Xapo Bank’s Role in the Crypto Industry
Founded in 2013, Xapo operates a private bank as well as a Bitcoin custodian and wallet regulated by the Gibraltar Financial Services Commission. The company is known for combining traditional banking with crypto by offering USD and BTC accounts in one place.

(Image credit: Xapo Bank)
Xapo claims that at the peak of its Bitcoin custodianship, the firm held more than 800,000 BTC ($18.7 billion) for family offices, funds, and high net-worth individuals. Such an amount of Bitcoin is more than 4% of the entire number of all BTC in circulation.
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Bitcoin Payments in Times of Uncertainty
Rocca also noted that Bitcoin payments are especially crucial during times of hyperinflation, economic uncertainty, and political turmoil. By integrating the Lightning Network, Xapo Bank is providing its customers with a faster and more reliable way to use Bitcoin for everyday purchases.
The integration with the Lightning Network is an important step forward for Xapo Bank in its mission to make Bitcoin more accessible and usable for everyday transactions. As the cryptocurrency industry continues to evolve, Xapo Bank is positioning itself as a leader in the space, offering innovative solutions for its customers.