One of the videos currently going viral on Twitter shows a payment test being conducted by two individuals, one of whom is holding a card. On two distinct payment terminals, the test is run. We have a card with a Lightning Network-enabled bitcoin (BTC) payment option on one side. There is a specific Visa card for use with fiat currency on the other side. It is evident in the video that Lightning Network completes the transaction more quickly than Visa.
Lightning Network is a faster payment option than Visa.
The Bitcoin Archive account posted a video on Twitter on July 26, 2022, demonstrating how much faster the Bitcoin Lightning Network (BTC) is than Visa. In actuality, Lightning Network settles payments more quickly than Visa. Reporter Joe Hall, also known as Joe Nakamoto, posted the video. It proves that bitcoin (BTC) is faster than we believe and that it can successfully compete with established payment methods.
Many experts, nevertheless, think that Lightning Network payments are still in the experimental stage. The adoption of this payment mechanism is also increasing among consumers. According to recent data, many users are putting a lot of effort into growing and maintaining the global network of Lightning nodes.
Although Lightning Network is still in its infancy, many users are already showing interest in it. There are many people who support the network, and they frequently highlight all the benefits it has to offer. Despite this, it is true that this system still needs improvement. However, its development is moving very quickly. Additionally, it’s likely that Lightning Network will eventually exceed Visa and Mastercard.
