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You are here: Home / Bitcoin Industry News / Revolut to Roll Out Bitcoin Lightning Payments for Europe Users Through Lightspark

May 7, 2025

Revolut to Roll Out Bitcoin Lightning Payments for Europe Users Through Lightspark

Digital bank Revolut is working with Lightspark to roll out bitcoin (BTC) transactions on Lightning Network to customers in the U.K. and select countries in the European Economic Area (EEA).

The feature aims to cut transaction fees and payments processing time for crypto users, Lightspark said in a blog post. When asked in an email, the company didn’t specify the timeline for when the feature will go live.

Lightspark, led by former PayPal executive David Marcus, provides backend infrastructure for connecting to what it calls the “Money Grid” — a decentralized network for real-time global payments.

The Lightning Network is a layer-2 system built on top of the Bitcoin blockchain that allows near-instant, low-fee transactions. By connecting to the network through Lightspark, Revolut users will be able to circumvent the congestion and high fees of the base blockchain to send BTC faster and more efficiently,

“Integrating with Lightspark is a natural step,” Revolut’s crypto general manager Emil Urmanshin said in the post. “We’re always looking to make financial services faster and more affordable — and their approach to global transactions enables us to do exactly that.”

The integration puts London-based Revolut among the growing number of fintech firms leaning into faster, crypto-native payment systems. Bitcoin-focused payments firm Strike processed $6 billion in volumes last year, CEO Jack Mallers said in an investor letter shared in an X post last month.

Read more: Visa Doubles Down on Stablecoins With Investment in Blockchain Payments Firm BVNK

Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Author: Krisztian Sandor

Filed Under: Bitcoin Industry News

Expert Witness

Ty Sagalow head shotTy Sagalow's unique background in legal, underwriting, policy drafting and claims – and his designation as a “qualified insurance expert” by the United States District Court for the Southern District of California – offers attorneys an unparalleled resource in D&O, E&O and Cyber insurance coverage disputes. He was also named "Most Helpful Expert" in a recent $8.7M coverage decision.

Mr. Sagalow served as Chief Underwriting Officer and General Counsel for AIG Executive Liability (formerly National Union Fire Insurance Company of Pittsburgh, PA), the world’s largest carrier of Directors and Officers Liability and Professional Liability Insurance. As General Counsel, Mr. Sagalow personally wrote or led teams that wrote all the D&O policies and many of the professional liability policies that AIG produced between 1988 and 2000 – policies which continue to serve as the foundational wording for the D&O and professional liability policies in the market today. As AIG Executive Liability’s Chief Underwriting Officer, Mr. Sagalow was charged with all underwriting interpretations and decisions for AIG D&O/E&O policies. In 2009, Mr. Sagalow headed up the team that rewrote all D&O policies for Zurich North America.

Ty is a cum laude graduate of Georgetown University Law Center and holds a LLM from New York University School of Law.

Bitcoin Insurance

Combining his talents as a network security insurance expert and an insurance product development expert, Ty Sagalow is the leading expert on the unique risk and insurance needs of the bitcoin industry.

With the successful sale of BitSecure(tm), the first bitcoin theft insurance policy in February of 2015, he is the first to create a sustainable, robust insurance policy to cover the theft of bitcoins and other virtual currency backed by an A-Rated, global “top 10” Property and Casualty insurance company.

Company Profile

Innovation Insurance Group is an insurance consulting firm and insurance brokerage founded by 30-year insurance executive, Ty R. Sagalow, former Chief Underwriting Officer, General Counsel and Chief Innovation Officer at AIG, and former Chief Innovation Officer at Zurich, NA and Tower Group. IIG focuses on three core practice groups: product development, expert witness services (primarily in the Management and Professional Liability areas), and bitcoin industry brokerage services.

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