Tensiona Lightning as a Service (LaaS) provider, has partnered with Google Cloud to expand its hosting capabilities and locations, allowing customers to create Bitcoin and Lightning nodes globally. According an announcement by Google Cloud, the collaboration will allow businesses to take advantage of the Lightning Network’s real-time payment settlement with near-zero fees, revolutionizing money transfers and creating new business models.
Voltage said in the announcement that its solution helps businesses overcome three key challenges. First, they cited the possibility of facilitating money transfers through the Lightning Network, providing a cost-effective alternative for financial and fintech companies. Second, by adopting the Lightning Network interoperable standard, Voltage outlined how businesses can reach a global customer base. Finally, Voltage highlighted how it enables microtransactions, which have been difficult to implement with traditional payment methods, but can improve customer retention, reduce acquisition costs and increase customer lifetime value.
By using Google Cloud’s vast network infrastructure, Voltage said it can respond more effectively to user needs. The announcement outlines the many benefits of the partnership, including the ability to serve a global audience in various regions, initial operations in Iowa, the Netherlands and Singapore, as well as deployments on a premier cloud platform. plan with superior availability and networking. Additionally, the announcement explained how running Bitcoin infrastructure alongside existing workloads becomes seamless with the help of Google Cloud resources.
Google Cloud’s commitment to supporting Bitcoin shows its commitment to advancing this technology and bringing it to a wider audience. The company’s expertise in cloud-native technologies, such as Kubernetes, also provides Voltage with the scalability to meet enterprise adoption requirements.
As Voltage expands its services through collaboration with Google Cloud, financial and fintech companies will be able to take advantage of Lightning Network’s capabilities to streamline their payment processes, reduce costs and explore new business opportunities.