Reflecting on 2024

A Year of Growth and Milestones

As 2024 draws to a close, we’re taking a moment to reflect on a year filled with innovation, milestones, and remarkable growth. Our journey wouldn’t have been possible without the trust and support of our customers, who have been at the heart of everything we’ve achieved. Join us as we revisit the highlights of 2024, share key statistics, and give you a sneak peek into what’s ahead in 2025.

Innovation and Growth

This year marked a significant leap forward for Lightning Checkout. In Q1, we rebuilt the solution from the ground up, ensuring it is ready to meet the demands of the future. This strategic restructuring allowed us to integrate with BTCPay Server, a key enhancement that enables payments to go directly into our customers’ wallets. Not only does this provide greater flexibility, but it also streamlines the process of adding new integrations, paving the way for continued innovation.

2024 also saw incredible growth:

• Transactions processed: Tripled compared to 2023.
• Total transaction value (in euros): Increased sixfold.
• Bitcoin transaction volume: Grew threefold despite rising Bitcoin prices.

Key 2024 Statistics

Our performance this year speaks volumes about the success of Bitcoin adoption and the efficiency of the Lightning Network:

300% increase in processed transactions: This impressive growth came alongside a more modest 75% rise in new businesses joining our platform. This means the average number of transactions per business has increased significantly, showcasing deeper engagement from existing customers.

Transaction value growth outpaced transaction volume: Onchain transactions, which now represent nearly half of the total transaction value, were a driving factor. However, these onchain transactions make up only 2% of the total number of transactions, underscoring the efficiency of the Lightning Network, which powers 98% of all transactions.

Did you know? Businesses that chose to accept Bitcoin as a payment method have reaped significant rewards. The total transaction value of received Bitcoin has grown by 86% in value over time compared to the original transaction value.

Product Insights

Our product ecosystem continues to thrive:

• BitcoinTaps: The most-used product on our platform based on transaction count.
• Bitcoin Invoice: Dominates in transaction value, as larger amounts are often processed onchain through this product.

These trends highlight the diverse ways businesses are leveraging Bitcoin payment solutions to meet their needs.

Looking Ahead to 2025

The new year brings with it the implementation of MiCAR (Markets in Crypto-Assets Regulation) starting January 1st. While this regulation offers some clarity, the precise implications for businesses like ours will likely unfold through real-world cases and legal decisions.

With the integration of BTCPay Server, we’ve proactively positioned ourselves to adapt. By enabling direct payments to our customers’ wallets, we no longer process payments ourselves but instead provide the infrastructure. This shift removes any ambiguity about whether we function as a payment processor or an IT service provider, ensuring legal certainty for our business and customers alike.

Looking forward, our focus remains on expanding the Lightning Checkout platform. We’re committed to:

• Introducing new integrations to better serve our growing customer base.
• Further enhancing the efficiency and flexibility of our solutions.
• Supporting businesses in navigating the evolving regulatory landscape.

Thank you for being a part of our journey in 2024. Your trust and partnership have been instrumental in our success. Here’s to an even brighter future in 2025!
Stay tuned for more updates and insights as we continue to innovate and grow.

— The Lightning Checkout Team