Bitybank and Lightspark accelerate Bitcoin transactions in Brazil

São Paulo, February 19, 2025 – Bitybank, the crypto bank with the highest Bitcoin trading volume in Brazil, announced a strategic partnership with Lightspark, a global leader in Lightning Network solutions. The service has already been made available to customers, enabling fast transactions through Bitcoin's second-layer technology. This initiative aims to streamline deposits and withdrawals, reducing operational costs, by fostering greater integration of traditional financial services with the flexibility of native digital protocols.

According to Valdiney Pimenta, CEO of Bitybank, the company formed by the merger of Bitpreço and Biscoint in 2022, the partnership with Lightspark marks another milestone in their journey as pioneers of Lightning technology in Brazil. “Since 2020, when Biscoint became the first national platform to enable Lightning withdrawals, we have continuously strived to offer solutions that transform the customer experience. With Lightspark, we are raising the bar, delivering even faster, more efficient, and accessible transactions,” he highlights.

The partnership provides Bitybank's engineers with an advanced ecosystem from Lightspark, including SDKs and APIs designed to optimize transaction routing and real-time liquidity management. Access to these tools enhances operational efficiency, reduces costs, and offers a smoother transaction experience. With optimized infrastructure, Bitybank facilitates Bitcoin usage in daily life and contributes to expanding the Lightning Network in Brazil, increasing accessibility and boosting the technology's adoption in the local market.

Pimenta believes that Bitybank is not only keeping up with trends but is also translating them into scalable, high-performance solutions. “The agreement with Lightspark represents an evolution in the Lightning payment architecture, integrating cutting-edge technology to optimize liquidity, reduce latency, and make Bitcoin a viable transactional alternative on a large scale. With enhanced infrastructure and increased operational efficiency, we are expanding access to the Lightning Network in Brazil,” explains the executive.

In this regard, Kevin Hurley, co-founder and CTO of Lightspark, notes that the initiative developed between the companies allows for knowledge exchange and the application of technological innovations. “We’ve aligned our expertise with market needs, using advanced protocols that improve transaction throughput. By integrating Lightspark’s advanced Lightning Network technology, Bitybank is not just improving transactions – it is shaping the future of Bitcoin in Brazil,” he states.

As an initial goal, both companies believe that the cooperation between the teams should drive significant advancements in digital operations and system integration in the medium term. The objective is to serve as a benchmark, setting an example for establishing a direct connection between cutting-edge technology and financial processes.

About Bitybank
Bitybank is a Brazilian digital cryptobank that bridges traditional financial services with cryptocurrencies. Formed through the merger of Bitpreço and Biscoint in 2022, Bitybank stands out for its innovation in the national crypto market. A pioneer in Lightning Network payments and winner of the 2024 Reclame Aqui award for the best cryptocurrency exchange in Brazil, Bitybank offers solutions such as a Mastercard card with up to 10% cashback in digital currencies, fast and low-cost Bitcoin transactions, and an ongoing commitment to customer service excellence.