Fidelity Investments Obtains and Carry Forward The Lightning Torch

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On Feb 27, 2019
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Fidelity Investments Obtains and Carry Forward The Lightning Torch

Fidelity Investments, financial derivatives giant obtained and passed on the Lightning Torch, as disclosed by tweet by the company sent on Feb. 22, Friday.

The Lightning Torch, just like the Olympic torch, is being passed between members of the Lightning Network society. The trend first supposedly commenced when Twitter user and Bitcoin (BTC) enthusiast Hodlonaut sent 10,000 satoshis (the smallest, indivisible fractions of a Bitcoin) to another Lightning user, and the user supplemented another 10,000 satoshis and carried forward it on.

Further, Fidelity passed the torch to the Harvard School Blockchain & Crypto Club in the wake of its forthcoming dedicated conference. Earlier, the torch excellently has been held by the 88-year-old grandma of a crypto enthusiast along with by Twitter CEO Jack Dorsey, who held it at the commencing of the present month.
Also Cointelegraph lately reported, Dorsey, who is also the founder and CEO of United States-associated Bitcoin-supporting payments facility Square, stated that rolling out the Lightning Network on Square’s Cash App is a concern of “when, not if.”

Also, the Lightning Network is a payment procedure that practices as a second layer on top of a blockchain. Additionally, a large number of those in the digital currency community have explained the Lightning Network as a fix to Bitcoin’s scaling issue.

Fidelity Investments monitors over $7.2 trillion in client possessions. During October last year, the investment giant proclaimed the launch of a new company, Fidelity Digital Asset Facilities, targeting institutional crypto assets stockholders.