The Bitcoin (BTC) Lightning Network has been integrated into the corporate email address of Michael Saylor, a Bitcoin advocate and the co-founder of business intelligence software firm, MicroStrategy.
In a tweet dated April 17, Saylor shared a screenshot with his 3 million Twitter followers showing a few transactions sent to “saylor@microstrategy.com” from others in the form of Satoshis or “Sats” – the smallest denomination of Bitcoin.
So @MicroStrategy converted my corporate email address into a #Lightning⚡️ address and people keep sending me 21 sats…
pic.twitter.com/FHde6RtA6N— Michael Saylor⚡️ (@saylor) April 17, 2023
MicroStrategy’s integration is enabled by the Lightning Address protocol, which allows users to link an “Internet Identifier,” such as an email address, rather than having to copy wallet addresses or use QR codes. It is currently unknown if the feature has been integrated into all corporate emails at the firm.
The Lightning Network is a popular Bitcoin layer two scaling solution which can process one million transactions per second (TPS) for a base fee of one Satoshi, or approximately four cents.
Integrating payment systems and upgrading business models based on #Bitcoin &
#Lightning⚡ is a great way to reduce dependence on Big Tech, Big Banking, and Big Advertising. Lightning is an open, ethical, scalable way to move money everywhere on earth, without gatekeepers.— Michael Saylor⚡️ (@saylor) November 29, 2022
Saylor, who currently serves as the executive chairman at the firm, has been the driving force behind MicroStrategy’s Bitcoin investment strategy, which aims to strengthen the firm’s balance sheet.
Related: Coinbase CEO says Bitcoin Lightning is ‘something we’ll integrate’
Since the company began buying in March 2021, MicroStrategy has spent $4.17 billion to acquire 140,000 BTC. According to data from Buy Bitcoin Worldwide, the firm’s average purchase price is $29,800. With the price of Bitcoin currently sitting at $29,400, MicroStrategy is down a mere 1.3% on its total investment, although the firm was in the green again briefly last week when Bitcoin broke through the $30,000 mark.
Cointelegraph reached out to MicroStrategy for comment on their plans to integrate the Lightning Network into more of their corporate email addresses but did not receive an immediate response.
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