Overall efforts to use bitcoin the asset and the Bitcoin blockchain for payments have seen little success, though the Lightning Network, a layer-2 blockchain where Bitcoin transactions can be offloaded for more-efficient processing, aims to turn that into reality.

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• Source: https://www.coindesk.com/business/2024/02/07/crypto-firm-bakkt-warns-it-might-not-be-able-to-remain-in-business/?utm_medium=referral&utm_source=rss&utm_campaign=headlines