Disclaimer: Zion is a holding company of UTXO, a fund controlled by BTC Inc., the parent company of Bitcoin Magazine.
If we, the Web5-based social network, has unveiled an update that allows users to make bitcoin payments using the Lightning Network in their private, encrypted direct messages (DMs). With this integrationZion allows its users to send and receive bitcoins instantly, while ensuring privacy and freedom from censorship.
By leveraging the Lightning Network, transactions are near instantaneous and bypass the need for traditional payment processors. Zion ensures that conversations within DMs remain secure and confidential by incorporating encryption, so users can communicate with each other without fear of their messages being viewed or monitored.
The introduction of bitcoin payments through the Lightning Network aligns with Zion’s core mission of freeing social media from the control of big tech companies. By leveraging the decentralized nature of Bitcoin and the capabilities of the Lightning Network, Zion enables users to transact and communicate freely without compromising their privacy or facing the restrictions imposed by traditional social media platforms.
This integration within the Zion ecosystem eliminates the need for platform fees, ensuring that the value users send or receive remains intact. Every satoshi (sats) counts, 1000 sats equals 1000 sats, providing a seamless experience for users performing financial transactions.
The introduction of bitcoin payments through the Lightning Network represents an important step for Zion in its quest to redefine the social media landscape. By adopting Lightning, Zion can provide a platform where users can express themselves freely while directly supporting content creators.