San Francisco-based Lightning Labs is building infrastructure that enables users to send money across the world instantaneously and at a low cost through the Bitcoin network.
The company recently raised substantial funding which is being invested into a new infrastructure it's building called the ‘Taro Stablecoin Protocol’, which will ensure that transfers and transactions for Bitcoin will remain easy and efficient for everyone to access whilst creating cheaper charges.
Off the back of an impressive $70 million in funding awarded in April 2022, this new product is in a good position to succeed. The company has been soliciting feedback from the developer community on its proposal for Taro and can therefore use this feedback whilst further developing the product.
Steph
Company Specialist at Welcome to the Jungle