Voltage, a Texas-based Bitcoin infrastructure firm, announced the launch of Voltage Credit, a USD-settled revolving credit line on the Lightning Network, aimed at helping businesses make payments instantly without holding bitcoin on their balance sheets. According to Voltage, traditional banks do not provide loans based on bitcoin revenue, and existing crypto lending options require locking up BTC as collateral, which can create tax implications and volatility risks. By using revenue-based underwriting, Voltage Credit allows companies to determine credit limits based on their actual transaction volumes. This announcement follows a significant milestone earlier this year when Voltage facilitated a $1 million transaction on the Lightning Network, marking the first publicly reported seven-figure transfer, and aligns with the broader trend of Lightning Network adoption by various platforms for efficient payments.
Voltage unveils USD-settled revolving credit line for Lightning payments
