Voltage has introduced a new line of credit in US dollars tailored for businesses looking to make prompt payments via Bitcoin and the Lightning Network.

This innovative revolving credit line is designed for seamless integration into traditional payment methods, allowing instant transactions without the need for businesses to hold cryptocurrencies on their balance sheets.

In a recent announcement, Voltage detailed how this product targets financial leaders aiming for quick payment solutions. Graham Krizek, CEO of Voltage, emphasized that this program is unlike any other market offering, embedding credit facilities directly into payment processes rather than operating them as separate entities.

Underwriting Payment Flows

Differentiating itself from conventional crypto lending practices, Voltage bases lending on the payment flows of businesses. This method leverages the high volume of transactions processed on their platform to determine appropriate credit limits.

With an annual percentage yield (APY) of 12% on unpaid balances, Voltage aims to streamline business transactions while minimizing reliance on traditional banking structures. Krizek noted that the incorporation of such credit lines has not yet been fully realized in the sector, marking a significant shift towards rapid payment environments.

Business Availability

Initially available to select US-based companies, the service seeks to empower exchanges, crypto miners, and gaming operations to effectively manage their finances and bridge revenue streams between Bitcoin and fiat.

Voltage’s recent pilot project achieved significant volume with a $1 million transfer demonstrating the potential for the Lightning Network to handle high-stakes transactions.