Elizabeth Stark, via a medium.com blog, announced that Lightning Labs has raised $10 million series A funding for its lightning visa network. This money will be directly used for the development of the beta version of the lightning visa network and its scaling. According to Stark, Lightning labs are focused on building a visa-like network for BTC users which could process and enable transactions in millions instantly. ‘Raising $10 million is not a big accomplishment.’ The payment network today, which involves fiat currency takes up time as well as the users are charged with a certain fee amount. With the
