Quick take:
- Led by former PayPal executive David Marcus, Lightspark offers a decentralised network for real-time global payments.
- Revolut is introducing the new service to users in the U.K. and select countries in the European Economic Area.
- The partnership is geared towards bridging traditional finance with faster and cheaper payments powered by blockchain technology.
Revolut, the UK-headquartered multinational neobank and fintech has partnered with Lightspark, a decentralised network for real-time global payments to offer lightning-fast transactions powered by the Bitcoin-based Lightning Network.
The new service will be offered to users in the UK and select countries in the European Economic Area (EEA), Lightspark said in a blog post on Wednesday.
The partnership is geared towards bridging traditional finance with faster and cheaper payments powered by blockchain technology, while also lowering network fees.
Revolut will connect Lightspark’s decentralised network dubbed “Money Grid”, thus joining a growing list of fintechs and wallets that offer new and innovative payment solutions.
According to the announcement, both companies believe the partnership is a game changer for crypto and payments.
“Integrating with Lightspark is a natural step forward. We’re always looking for ways to offer faster and more affordable financial solutions — and their approach to global transactions enables us to do exactly that,” said Emil Urmanshin, GM Crypto, Revolut
David Marcus, CEO & Co-founder, Lightspark highlighted Revolut’s leading position in modern finance, adding that his company is “thrilled to help power this integration.”
“The future of money is real-time, low-cost, and borderless—exactly what Lightspark solves for,” said Marcus. “For too long, traditional banks have relied on outdated, slow, and expensive payment systems — akin to dial-up when the rest of the world uses 5G.”
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