Revolut launches Bitcoin payments via Lightning Network

Fintech company Revolut has opened a new chapter in its cryptocurrency offerings by launching support for Bitcoin payments through the Lightning Network (LN). Now, clients in the United Kingdom and some countries in the European Economic Area (EEA) can make Bitcoin transactions quickly and with minimal fees.

Partnership with Lightspark and Integration of MoneyGrid

To implement this new service, Revolut partnered with Lightspark, a company led by David Marcus, known for his work at Meta and PayPal. Additionally, Revolut customers now have access to the MoneyGrid platform — a Lightning Network-based payment routing service. This system simplifies cross-border transfers for both individuals and businesses.

Thanks to MoneyGrid, more than 300 million users in 140 countries can exchange funds instantly and with minimal fees. This opens up new opportunities for small and medium-sized businesses, as well as for those who perform regular international transfers.

Expansion of Lightning Network Among Major Platforms

Revolut is not the only company that has integrated Lightning Network into its payment solutions. Similar technology has already been implemented by giants like Coinbase, Binance, Bitfinex, Kraken, OKX, and BitMEX. This step reduces transaction costs and increases processing speed.

Earlier, Lightspark also launched Lightning Network support for Xapo Bank — a private cryptocurrency bank. Xapo's clients gained the ability to make Bitcoin payments up to $100 using fast and cheap microtransactions.

Revolut's Financial Performance in 2024

By the end of 2024, Revolut recorded a record-breaking pre-tax income of £1.09 billion ($1.4 billion), which is a 149% increase compared to the previous year. One of the main drivers of this growth was the wealth management division, which grew by 298%, reaching $647 million. This figure includes revenues from cryptocurrency operations, commodities trading, as well as trading and savings products.

Plans to Enter the Stablecoin Market

According to Financial Times, Revolut is actively exploring the possibility of entering the stablecoin market. This could become a new phase in the development of the fintech company, which already offers a wide range of payment and financial services.