Published On: Wed, Feb 14th, 2018

New App Links Coinbase With Lightning Network as Frustration Continues

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A new Blockchain app seeking to introduce Lightning Network compatibility for Coinbase users has debuted its alpha demo.
Could Coinbase Users Get Lightning?
Lightning Ramp acts as a middleman service, allowing users of major exchanges to benefit from Lightning Network improvements in transaction fees and faster processing times.
As Lightning gains huge mainnet traction among the Bitcoin community, currently operating almost 2000 channels, demand from users for better transaction experiences on Coinbase in particular also continues to grow.

While the largest US exchange and wallet provider promised SegWit functionality will appear “within weeks,” users were previously far from being able to benefit from Lightning’s capabilities.
In addition, expert Andreas Antonopoulos recently went on record to claim major exchanges like Coinbase “won’t run” Lightning in future due to its design being at odds with their regulatory obligations.
“There are plenty of things to keep us busy,” Lightning Ramp wrote on Reddit in comments about its third party solution.
I’m glad we can let Coinbase deal with holding funds. I think it’ll really help push the big guys along knowing that third parties can do these types of integrations.

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