Latin American Exchange Buda.com Adds Lightning Network Payments for All

As many of you already know, the main feature of the Lightning Network is that, in addition to being a way to pay Bitcoins with very low fees and practically infinite scalability, it is built as a layer on top of the Bitcoin Blockchain, so it’s still a decentralized protocol where one doesn’t need to trust any intermediaries.

The Lightning wallets that are being developed in the world have a strong focus on decentralization, and that’s very good news. As what is sought is that the user does not depend on anyone, these applications generally include a lightning node and a sometimes even a bitcoin node, which allows monitoring transactions on their own. The problem is that this keeps some users out, as installation, configuration and usage, is still a bit difficult for many.

At Buda.com we are also convinced that the future is going towards total decentralization, but we also know that along the way we will need centralized services that allow less technical users (or with less time!) to try and use this technology. This will surely allow the ecosystem of crypto payments to keep growing while more decentralized solutions mature. As long as the base protocol is decentralized, competition in the long run will move intermediaries out of the way.

Therefore, after much effort, we are very happy to tell you that from today we are giving the possibility to any Buda.com user to pay in Bitcoins using Lightning Network without having any technical knowledge at all. All accounts now have a simple way to pay with Lightning and payments will be deducted directly from their Bitcoin balance in the exchange.

For those who do have a more technical knowledge and want to try on their own, we invite them to connect directly to our Lightning node or to build something by reviewing the documentation of our API.