Morgan Stanley, one of the largest banks in the world, said in one of its published <a href="https://assets.ctfassets.net/4rilomtvvae4/4Q8jnXMVUDMovAY8hcpYkL/fb65b3290c8dcb23314aacb6f9b19be6/The_State_of_Lightning_Vol_2.pdf" target="_blank" rel="noopener">reports</a> that Bitcoin’s lighting network is considerably superior to Visa.

According to the financial institution, VISA and Mastercard provide users with “real-time settlement” for payment. However, transactions with Bitcoin's lightning network are much cheaper, with better privacy features.

The banking giant further explained that sending small payments is more practical with Lightning than with debit cards as the second-layer network can route transactions while charging almost no fees.

The bank further noted in its report that payments company Strike recently announced a partnership with point-of-sales supplier NCR and payments firm Blackhawk Network. This means a large number of American stores will soon be able to accept bitcoin due to Strike’s planned payment system using the Lighting Network.

According to Morgan Stanley, partnerships with physical stores are an important milestone in the “evolution of bitcoin usage as a medium of payment,” as over 85% of sales in the U.S. occur in shops rather than online.

Bitcoin Lightning Network Better than Debit Cards, According to Morgan Stanley

Morgan Stanley said in one of its published reports that Bitcoin’s lighting network is considerably superior to debit cards for payments.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Bitcoin Lightning Network Better than Debit Cards, According to Morgan Stanley

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