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Launch of Lightning Network Routing Node

25th Jul 2025 07:00

RNS Number : 5124S
Pri0r1ty Intelligence Group PLC
25 July 2025
 

25 July 2025

Pri0r1ty Intelligence Group PLC

("Pri0r1ty" or the "Company")

 

Launch of Lightning Network Routing Node & Bitcoin Purchase

Further to the recent launch of the Company's Pr1bit cryptocurrency solution for SMEs, Pri0r1ty Intelligence Group PLC (AIM: PR1), the AI, data and marketing services group, is pleased to announce the launch of its Lightning Network Routing Node for Bitcoin transactions. 

 

Pr1bit, launched last month, is an additional paid SaaS offering designed to transform businesses by integrating Bitcoin payment processing and treasury management capabilities for them. Leveraging the power of AI and the industry leading infrastructure of Coinbase Commerce, Pr1bit enables businesses to accept Bitcoin payments seamlessly.

 

The Pri0r1ty Lightning Network enhances the capabilities of Pr1bit and ensures clients can fully leverage the benefits of Bitcoin payments with instant and almost cost-free transactions within the Pri0r1ty ecosystem. This allows Pri0r1ty customers to send and receive Bitcoin payments on the Pri0r1ty Lightning Network to Pri0r1ty and other SME customers in exchange for goods and services at a significantly lower cost than the Bitcoin main network or traditional online payment methods. Pri0r1ty will earn a routing fee for processing transactions in Bitcoin satoshis (SATs), the smallest monetary denomination of Bitcoin.

 

Dedicated nodes will be offered on the Pri0r1ty Lightning Network correlating to each of the Company's main service lines of SaaS, consultancy, and project work. The first node is already active, with over 100 successful Lightning payments between channels having been processed on behalf of SMEs. Each channel will have sufficient liquidity to ensure seamless transactions. To ensure each channel has sufficient liquidity to avoid frequent rebalancing, Pri0r1ty has deployed 100,000,000 SATs of liquidity for the first channel(s) utilising its Bitcoin treasury reserves following the acquisition of Bitcoin in support of this product. As adoption of the Pri0r1ty Lightning Network grows, Pri0r1ty expects to add more channels and fill further liquidity requirements in exchange for processing fees using its reserves.

 

The Company will also launch several Ethereum validator nodes and provide a staking pool. Ethereum staking is a process where users lock up their Ethereum to help secure the Ethereum network and earn rewards in return. It is the core of Ethereum's proof of stake consensus mechanism. By staking Ethereum, users become validators, participating in confirming transactions. Customers who hold Ethereum whilst using Pr1Bit can earn rewards without running their own validator node. Working with Coinbase Commerce to manage these nodes, the Company expects to benefit from its strong infrastructure and expertise, ensuring a secure and smooth staking experience. 

 

James Sheehan, CEO of Pri0r1ty, commented:

"As our customers adopt Bitcoin, the need for an efficient, scalable and cost-effective framework becomes more important. Building upon the roll out of Pr1Bit, launching our own Pri0r1ty Lightning Network is a natural step, built to allow our customers to make almost gasless, costless and instant transactions within the Pri0r1ty ecosystem. We want to encourage our Pri0r1ty community to collaborate with each other as businesses and spread our solutions to a wider Web-3 enabled audience.

 

We are seeing an increase in demand for the ability to integrate Bitcoin payments into customer solutions, and Pri0r1ty is well-placed to capitalise on the continuing momentum and demand in the space."

 

Rory Maxwell, CEO of Halfspace and COO of Pri0r1ty, added:

"Pr1bit expands the opportunities for our clients in sport to engage new audiences. A secure transparent platform for financial transactions and data management, cryptocurrencies will transform many aspects of the sports industry's engagement with its fans and customers and the way it operates behind the scenes. From secure ticket sales and distribution management to athlete compensation, to decentralised finance protocols creating new investment, cryptocurrencies are a powerful tool for enhancing fan experiences, combating fraud, and unlocking new revenue streams for teams and leagues."

 

If you would like to explore how Pri0r1ty AI can help drive time and cost efficiency for your business,

please contact [email protected].

 

For further information, please contact:

 

Pri0r1ty Intelligence Group PLC

James Sheehan, Chief Executive Officer

Email: [email protected]

Tel: +44 (0)20 8064 3554

 

Investor Relations

Vigo Consulting

Ben Simons / Amelia Thorn

Email: [email protected]

Tel: +44 (0)20 7390 0230

 

About Pri0r1ty Intelligence Group PLC

Pri0r1ty Intelligence Group is an AI, data and marketing services group. As an SME, Pri0r1ty understands the unique challenges faced by smaller businesses and has developed an AI Software-as-a-Service (SaaS) platform tailored to meet these needs. Pri0r1ty's platform offers cost-effective solutions that automate essential services like social media management, investor relations, and corporate governance. By reducing reliance on expensive external providers, the company empowers SMEs to streamline operations and focus on growth. The group also includes Halfspace, a multi-award-winning, data driven, marketing and technology business which primarily operates in the sports and entertainment sectors. Its customer base includes and has included Premier League football clubs, motorsports teams, sports leagues, national governing bodies, sporting federations, digital media businesses, and direct-to-consumer platforms.

 

Website: https://www.pri0r1ty.com

LinkedIn: https://www.linkedin.com/company/pri0r1ty-ai-plc/

X: https://x.com/WearePri0r1ty

 

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