MicroStrategy CEO Michael Saylor has shared his company's plans to launch software and solutions powered by the Bitcoin Lightning Network in 2023.
in a recent Twitter Spaces on Dec. 28, Saylor shared that the company is exploring software and solutions that use the Lightning Network, such as solutions that "support" enterprise marketing, as well as a cybersecurity solution targeted at corporate websites.
The Lightning Network is a Layer 2 payment protocol on top of the Bitcoin blockchain that enables off-chain transactions, increasing payment throughput and lowering transaction fees.
The business intelligence and technology firm, known for its massive Bitcoin holdings, has been looking to bolster its Lightning Network-versed team, recently announcing it was looking to hire a Bitcoin Lightning software engineer to create a Software-as-a-Service platform based on the Lightning Network.
During the Twitter spots, Saylor explained that CMOs could use the Lightning Network to incentivize customers, such as giving out Satoshi rewards for engaging in activities like posting good reviews or completing surveys.
The company also wants to make it possible for any company to "activate" the Lightning infrastructure in an "afternoon," he said.
The MicroStrategy president again brought up his โLightning wallโ cybersecurity idea, essentially a Bitcoin-based paywall that would protect websites from cybersecurity attacks by requiring visitors to put up a deposit in Satoshi.
Saylor explained that users wishing to access sensitive corporate websites will need to deposit "100,000 Satoshi" to "guarantee" safe passage, which is returned instantly once the user finishes their visit.
It was noted that this is something that credit cards cannot offer due to the time delays involved in returning the funds, stating:
โThe problem with credit cards is that it's unreasonable to post $20 to 100 websites every day and then make $20 back in a second, right?
Saylor believes it's only a matter of time before someone creates the Lightning version of the "Netscape browser," which he believes will involve "something like" a Lightning wallet containing dollars and various cryptocurrencies.
He believes that if this wallet is created without custody, it has the potential to spread to 100 million people.
During the Twitter slots, Saylor again praised the Lightning Network as the "internet of money" and praised its "inspiring" progress.
He said the company has teams working on it and is looking to get something out for "next year," adding that it's more likely to be able to show something in the first quarter.
Related: Bitcoin Lightning Network will be used in fiat transfers between Europe and Africa
In October, Michael Saylor retaliated against Eric Wall for his suggestion that Saylor has not done more than three lightning transactions in his life.
More recently, Lightning Address, a a new type of BTC address was introducedallowing users to transact on the Lightning Network almost instantly, as opposed to the 10-minute average for regular Bitcoin transactions.
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