Lightspark - Lightway PCX Project

Welcome to the Lightspark - Lightway PCX Project Knowledgebase

Lightway Finance Cross-Border Payments Integration

Lightway Finance is launching a groundbreaking initiative to enable real-time, low-cost cross-border transfers by integrating with Lightspark’s technology stack on the Bitcoin Lightning Network (BLN). The solution aims to connect Nigeria’s financial ecosystem with the UK, providing customers with an instant, reliable, and user-friendly payment experience.

Blockchain Lightning Network

The Bitcoin Lightning Network is a layer-2 payment protocol built on top of Bitcoin, designed to make transactions faster, cheaper, and more scalable than traditional on-chain Bitcoin transfers. Instead of broadcasting every transaction to the blockchain, BLN routes payments through a network of payment channels. This ensures near-instant settlement with significantly reduced transaction fees, making it an ideal backbone for cross-border remittances and microtransactions.

Universal Money Addresses (UMAs)

A key innovation in this project is the use of Universal Money Addresses (UMAs), provided through Lightspark. UMAs function like an email address for money—allowing customers to send and receive payments easily without dealing with complex wallet addresses or QR codes. Once registered on the Lightway Finance platform, each customer will automatically be assigned a UMA, simplifying the cross-border payment process while maintaining compatibility with both fiat and crypto rails.

Lightspark Technology

Lightspark offers advanced infrastructure for enterprises to connect to the Bitcoin Lightning Network. By integrating Lightspark’s SDKs and APIs—specifically Lightning Connect and UMA services—Lightway Finance can:

• Operate its own Lightning node within the Lightspark Grid for reliability and uptime.

• Enable instant liquidity and payment routing across the global Lightning Network.

• Provide a secure, developer-friendly interface for managing transactions, funding, and balances.

Lightspark’s technology ensures that Lightway Finance doesn’t need to build and maintain its own complex Lightning infrastructure from scratch, but can instead leverage a robust, enterprise-grade solution to scale quickly.

End-to-End Cross Border Flow

• GBP On/Off-Ramp: Integration with ClearBank to handle GBP deposits and withdrawals in the UK.

• NGN On/Off-Ramp: Integration with Lightway’s Microfinance Bank (MFB) network APIs for instant local transfers in Nigeria.

• Integration Layer: PCX will handle the middleware integration, ensuring seamless connectivity between Lightspark, ClearBank, and the MFB systems.

• Customer Experience: Users register on the Lightway Finance site, receive a UMA, and can send/receive money instantly between Nigeria and the UK.