Bitcoin adoption continues with Meta : FB.

Many companies have entertained the ideas of using cryptocurrencies and blockchain but Meta ( Facebook) has been involved in multiple stablecoin type projects for quite some time, that were presenting more complex issues internally in the creation with blockchain. The idea itself has only caused Meta issues with regulators with the large corporation having ownership of a stable coin and causing investors & brands to flee. It might have further taken away from what the company thrives on which definitely wasn’t going well with Libra and other coin projects.

Meta is now investing in there own company called Lightspark which is also backed by Andreessen Horowitz from a16z, Matrix Partners, Coatue, and Paradigm.

They will be focusing on utilizing the Bitcoin Lightning Network by creating nodes which have low transaction fees and process quickly as well. Making the small ticket items from everyday purchases possible without paying outrageous fees. Focusing on the backend development first and then deployment into these businesses helping to reduce overhead costs of credit card processing fees and outside merchant companies.

These further adoptions continue to show the level of progress being made within different blockchain networks as time advances. Seeing the opportunity to build on something new will continue to show the increase in adoption similar to when the internet was started which was no small accomplishment with the backlash from the public. So we are still very early from the bigger perspective as well lets see what companies are getting involved next.