Business
Bitcoin Well Enables Lightning Network to Sell Bitcoin in the USA and Announces Shares for Debt Settlement
(TheNewswire) Edmonton, Alberta – TheNewswire - April 10, 2025 – Bitc...
About this update from Bitcoin Well Inc
[{"type":"text","content":"Bitcoin Well Enables Lightning Network to Sell Bitcoin in the USA and Announces Shares for Debt Settlement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Edmonton, Alberta –\n \n\n TheNewswire -\n \n\n April 10, 2025 – Bitcoin Well\nInc.\n \n\n (“\n \n\n Bitcoin Well\n \n\n ” or the “\n \n\n Company\n \n\n ”)\n(\n \n\n TSXV: BTCW; OTCQB:\nBCNWF\n \n\n ), the non-custodial bitcoin business on a\nmission to enable independence announces the addition of the Lightning\nNetwork for selling bitcoin on the Bitcoin Portal in the USA and a\nshares for debt settlement.\n \n\n\n\n\n\n\n\n\n\n Lightning Network\nAddition\n \n\n\n\n Customers can now go directly from bitcoin in their\npersonal Lightning wallets directly to dollars in their bank using the\nLightning Network. This will enable smaller transactions with fewer\nfees for customers of the Bitcoin Portal at bitcoinwell.com,\nincreasing their independence.\n \n\n\n\n Now, when a customer wants to sell bitcoin, they will\nenter the amount of dollars they want to receive, select their\nconnected bank account, and choose between the Bitcoin and Lightning\nNetwork.\n \n\n\n\n Previously, when the customer would sell bitcoin over\nthe Bitcoin Network they had to pay mining fees and wait 4\nconfirmations before the transfer to their bank was initiated. Now it\nwill happen instantly, with no fees thanks to the addition of the\nLightning Network into the Bitcoin Portal at bitcoinwell.com.\n \n\n\n\n Further, due to the non-custodial nature of the Bitcoin\nPortal, Bitcoin Well customers can hold bitcoin in their wallets\nlonger and benefit from a smoother customer experience. With other\nplatforms the customer would need to fund their bitcoin account\nbalance (which puts their funds at risk), sell the bitcoin and then\nrequest the withdrawal to their bank.\n \n\n\n\n From their Bitcoin Well account this happens in one\nsingle action. Directly from bitcoin in their personal wallets, to\ncash in their bank.\n \n\n\n\n\n\n Shares for Debt\nSettlement\n \n\n\n\n The Company is indebted to certain creditors in the\ntotal amount of $139,817 as of March 31, 2025 (the “Outstanding\nDebt”), pursuant to certain use of bitcoin agreements and a\nconvertible debenture agreement (collectively, the ȁ...