MicroStrategy Is Experimenting With Bitcoin And Building SaaS Platform Using The Lightning Network

As the company looks for a bitcoin lightning developer, MicroStrategy seems to be doing more than merely holding bitcoin.

According to a listing, the software company is looking for an engineer to create a sales-as-a-service (SaaS) platform using the Lightning Network. The platform will offer businesses “novel solutions to cyber-security concerns,” it continues, while also attempting to open up new eCommerce applications for the Lightning Network.

By adding a second layer to the Bitcoin blockchain, the Lightning Network is a Layer 2 protocol that seeks to give consumers a simple way to swiftly and reliably participate in off-chain payments. Lightning is based on the idea of payment channels, which enables two parties to deal while locking up on-chain funds without sending their transactions to the blockchain.

The network is already utilized by platforms like Strike, which just raised $80 million in a Series B fundraising round, and Jack Dorsey’s Cash App.

Michael Saylor, co-founder and previous CEO of MicroStrategy, changed roles in August to become executive chairman in order to concentrate on promoting bitcoin. The company’s total holding of bitcoin now stands at roughly 130,000 btc.

MicroStrategy bought an extra $6 million worth of crypto

According to the listing on LinkedIn, the organization has two candidates right now. A comment from The Block was not immediately answered by MicroStrategy.

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