The Lightning Network can support 250,000 + transactions per second in comparison to 7 transactions per second with Bitcoin (on-chain). Transactions settle instantly with almost zero processing fees since all users compete to route payments.
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Lightning provides all the security and immutability of the blockchain so you will never encounter chargeback frauds or deal with funds being held for reasons out of your control.
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Credit card and payment processors such as Visa and Square take anywhere from 2-5% per transaction and can lock your funds. Credit transactions are processed instantly because you are on credit with a centralized system, but true settlement takes a much longer time to occur.
Traditional payments also run the risk of charge-backs for merchants. With bitcoin, all payments are made immutable by the blockchain so there is no risk for chargebacks.ย
Lightning enables the future of payments.