Bitcoin Lightning Network payments are maturing

As a cryptocurrency payment processor, we have some insights into LN usage for retail payments in 2023 based on our own data that you might find interesting:

• The use of BTC Lightning Network on the CoinGate platform displayed maturity, witnessing an impressive 35.9% increase in the overall volume of payments compared to the previous year.
• Around 7.8% of all Bitcoin payments through CoinGate use the Lightning Network. This means, on average, every 14th Bitcoin transaction is done through the LN layer.

Read the full yearly review: https://coingate.com/blog/post/crypto-payments-report-2023

What are your predictions for Lightning Network payments in 2024?

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