Lightning Labs / Enid Valu
Since launching its first test version of the network that used real bitcoin in March 2018, 4,000 developers have started building on the technology, according to Stark, including 30 startups, such as San Francisco-based Fold App, which lets users shop at Amazon, Uber and Target using Lightning and earn bitcoin rewards; San Francisco-based bitcoin brokerage River Financial, which lets users buy and sell bitcoin on Lightning; and Hong Kong-based cryptocurrency exchange Bitfinex, which in...
“People think: ‘lightning is open source, how can you make money off of it?’” she says. “But really we’re building a new type of financial network for financial markets, which has all these interesting possibilities.” As far as new Lightning Investor Jill Carlson of Slow Ventures is concerned, the more the merrier. Carlson, 29, spent two years studying what makes people spend bitcoin. In addition to helping allocate the blockchain portion of Slow Ventures $220 million fund, Carlson, founded the non-profit Open Money Initiative, which is conducting firsthand research with individuals in Venezuela who use bitcoin instead of the nation’s hyper-inflated bolivar.
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