Financial derivatives giant Fidelity Investments received and passed on the Lightning Torch, as disclosed by tweet by the corporate sent on February. 22.

Much the same as the Olympic light, the Lightning Torch is being passed between individuals from the Lightning Network  community. The pattern introductory allegedly began once Twitter client and Bitcoin (BTC) devotee Hodlonaut sent 10,000 satoshis (the littlest, resolute divisions of a Bitcoin) to an alternate Lightning client, and in this manner, the client included another 10,000 satoshis and passed it on.

Fidelity passed the torch to the Harvard school Blockchain & Crypto Club within the wake of its forthcoming dedicated conference. Previously, the torch splendidly has been control by the 88-year-old granny of a crypto enthusiast furthermore as by Twitter chief executive officer Jack Dorsey, who held it at the start of the present month.

As Top Market Group  recently reported , Dorsey, who is additionally the founder and chief executive officer of United States-based Bitcoin-supporting payments service square, mentioned that rolling out the Lightning Network on Square’s cash App is a question of “when, not if.”

The Lightning Network could be a payment protocol that works as a second layer on high of a blockchain. a large range of these within the cryptocurrency community have prompt the Lightning Network as a fix to Bitcoin’s scaling drawback.

Fidelity Investments manages over $7.2 trillion in consumer assets. In Oct last year, the investment big proclaimed the launch of a brand new company, Fidelity Digital plus Services, targeting institutional crypto assets investors.

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