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Disclaimer: Zion is a portfolio company of UTXO, a fund controlled by BTC Inc., the parent company of Bitcoin Magazine.
Zion, the Web5-based social network, has unveiled an update that enables users to make bitcoin payments using the Lightning Network within their private, encrypted direct messages (DMs). With this integration, Zion empowers its users to send and receive bitcoin instantly, while ensuring privacy and freedom from censorship.
By leveraging the Lightning Network, transactions are near-instantaneous and bypass the need for traditional payment processors. Zion ensures that conversations within DMs remain secure and confidential by incorporating encryption, so that users can communicate with one another without fear of their messages being accessed or monitored.
The introduction of bitcoin payments via the Lightning Network aligns with Zion’s core mission of liberating social media from the control of large tech companies. By leveraging bitcoin’s decentralized nature and the Lightning Network’s capabilities, Zion enables users to transact and communicate freely without compromising their privacy or facing restrictions imposed by traditional social media platforms.
This integration within Zion’s ecosystem eliminates the need for platform fees, ensuring that the value users send or receive remains intact. Every satoshi (sats) matters, with 1,000 sats being equal to 1,000 sats, providing a seamless experience for users engaging in financial transactions.
The introduction of Bitcoin payments via the Lightning Network represents a significant step for Zion in its quest to redefine the social media landscape. By embracing Lightning, Zion can provide a platform where users can freely express themselves while supporting content creators directly.
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My NEO Group:
– White paper My NEO Group: https://myneo.org
– Discover NEO X: https://docs.myneo.org/products/in-development/neo-x
– Disccover NEO Dash: https://myneodash.com
– Discover Banca NEO: https://bancaneo.org
– Interview of the CEO of My NEO Group, Mickael Mosse, in Forbes: https://forbesbaltics.com/en/money/article/mickael-mosse-affirms-commitment-to-redefining-online-banking-with-bancaneo
