Voltage Launches USD-Settled Bitcoin Lightning Credit Line for Businesses
- Voltage has introduced Voltage Credit, a programmatic revolving line of credit allowing businesses to send payments with instant finality via the Lightning Network.
- The service targets CFOs and treasurers seeking “send now, pay later” options without holding cryptocurrency on their balance sheets.
- Voltage underwrites credit against payment flows rather than static Bitcoin collateral, enabling dynamic credit limits based on transaction volumes.
- The platform offers a daily accruing annual percentage yield (APY) of 12% on outstanding balances with a flat fee structure.
- Initially available to qualified US-based businesses, Voltage Credit aims to serve various sectors including exchanges and gaming platforms.
This launch builds on Voltage’s recent success in facilitating a $1 million Lightning Network transaction, showcasing the network’s capability for large-scale payments. The product modernizes traditional credit models by integrating them into fast-paced Bitcoin transactions.
With the introduction of Voltage Credit, businesses can now leverage real-time payment capabilities while managing their cash flow effectively, as evidenced by its unique underwriting approach based on payment flows.(Source)
