Good news for Bitcoin users. The Bitcoin Lightning Network is now active on the Liquid sidechain of Blockstream. The users can enjoy the advantages of both the Lightning Network and Liquid sidechain. The latter provides sidechain versions of any supported tokens on the network. A user can exchange these versions for mainnet tokens and with the same values.

The bitcoin network previously started supporting the stablecoin Tether on Liquid. Now, this technology is also assisting the Lightning payments. This Bitcoin Lightning Network has the potential to work on multiple chains. Additionally, the pairing between the Lightning and Liquid will make the transactions more efficient and cost-effective. The users can send coins via this network while taking advantage of Liquid’s specific features.

Earlier in July, a US-based bitcoin payment startup launched Lightning Network Payments at many prominent retailers. It includes Amazon, Starbucks, Uber, Home Depot, REI, Southwest Airlines, Target, AMC, and others. This network will enable users to spend crypto at these platforms.

Also, Electrum Wallet announced to add support for Bitcoin’s lightning network. It will give the users more control over their funds. In June, a P2P crypto exchange HodlHodl launched a Lightning Network service on its mainnet. With this service, the users can buy and receive bitcoins directly on their LN-based wallet.