Coinbase-owned Xapo bank announced its integration with the Bitcoin (BTC) Lightning Network on March 2, becoming the first fully-licensed bank integrated with the Lightning Network.

To launch the integration, Xapo partnered with Lightspark, a company that offers infrastructure services for companies that want to integrate with the Lightning Network.

The integration allows Xapo bank users to pay for purchases up to $100 using BTC at any vendor that accepts Lightning Network payments. Considering the significant improvements the Lightning Network brings in terms of speed and affordability, Xapo takes pride in being the first fully licensed bank that offers near-instant BTC payments.