Web3 Diaries-Saylor Unifies BTC Lightning Address
Michael Saylor, the outspoken bitcoin proponent and co-founder of business analytics software firm MicroStrategy, has integrated Bitcoin’s Lightning Network into his corporate email address.
This means anyone can use that email address – saylor@microstrategy.com – to send bitcoin (BTC) to the 58-year-old billionaire.
Saylor, who is reportedly worth around $1.2 billion and whose company has aggregated around 140,000 BTC, about $4 billion at current prices, has been receiving small bitcoin donations from fans after tweeting about the integration.
The integration uses The Lightning Address protocol, which allows developers to replace a standard Lightning invoice, or payment request, with an internet identifier such as an email address.
The Lightning Network is Bitcoin’s layer 2 scaling solution designed to make bitcoin payments cheaper and faster.
Bank of England mulls limiting Stablecoins for payment
The Bank of England, the central bank of United Kingdom, is considering to limit the usage of Stablecoins for payments, due to inherent risks involved in rapid innovation in the digital payment sector.
The move suggests that the UK’s regulator of the lenders is tilting towards limitations for the usage of Stablecoins for payments.
The Bank of England’s latest stance on stablecoins comes as policy makers in the UK are trying to strike a balance between innovation in the payments space and the potential risks that are associated with crypto.
The UK’s Parliament is currently deliberating on the Financial Services and Markets Bill. Once approved, it will allow banks in the country to regulate operators of systemic Stablecoins.
Israel central bank plans launching “Digital Shekel” CBDC
Israel central bank, the Bank of Israel (BoI) is planning to issue its central bank digital currency (CBDC) digital shekel, it announced. The information was shared by the central bank wherein it underlined the potential reasons supporting the decision to issue a digital currency in the future.
According to a press release, the Bank of Israel Steering Committee on the Potential Issuance of a Digital Shekel outlined the plan to issue a digital shekel “SHAKED.”
Final decision on the above is still awaited, the central bank revealed potential reasons behind the issuance of a CBDC.
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