The Lightning Network Lunch: A Bitcoin contactless payment story
A data analyst on the Isle of Man demonstrated how contactless payments work on Bitcoin’s Lightning Network using an NFC enabled "Bolt Card." The Lightning Network (LN) just got a bit faster, as the suitably named Bolt Card now enables Bitcoin (BTC) enthusiasts to pay for goods and services using contactless technology. A data analyst at the company behind the card, CoinCorner, took the Bolt card on a trial run on the Isle of Man, a British Crown dependency in the Irish Sea. “MSW” — as he is known — tapped to pay at eight point-of-sale (PoS) devices during his lunchtime investigation. It....
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The future is now. CoinCorner’s the Bolt Card is a contactless and convenient debit card that lacks a screen. The product points to the next stage in bitcoin evolution, the creation of circular economies powered by the Lightning Network. Is this card the idea that will bridge the gap between bitcoin and the general public? […]
Major franchises in Gibraltar including Costa Coffee, the Card Factor and Hotel Chocolat now accept Bitcoin over the Lightning Network or on-chain. “But you can’t buy a coffee with Bitcoin,” the Bitcoin (BTC) critics chanted. Gibraltar, a tiny British Overseas Territory in Europe just blew a hole in that FUD as popular coffee chain Costa Coffee now accepts Bitcoin over Lightning. Hotel Chocolat, the Card Factory and the Gibraltar bakery also accept Bitcoin as a currency in the British Overseas Territory. The well-known franchises take advantage of Bitcoin’s Lightning Network (LN) to accept....
The world of finance and technology is constantly evolving, and traditional institutions have to play catch-up in this game to stay relevant. Contactless payments have been touted as one of the most revolutionary financial innovations of the past decade, and many consumers are eager to be part of this experience. An upcoming test by BNP Paribas will experiment with contactless payment displays. Despite the appeal of contactless payments, this level of innovation in the financial sector slowly removes any human interaction from the shopping experience. Rather than chatting with the cashier....
Cash App mentions that the Lightning Network feature is not available to users located in New York. Mobile payment service Cash App revealed that Lightning Network can now be used to transfer Bitcoin (BTC) through its app. With the new feature, its users can send their BTC to any Lightning or on-chain BTC address.Lightning Network is now available on Cash App. It's the fastest, free way to pay anyone in bitcoin. Buy tacos, tip your favorite Twitter comedian, or send a friend money abroad—anywhere that accepts lightning. pic.twitter.com/65TXSJ6yL6— Cash App (@CashApp) February 7,....
Bitcoin’s layer 2 scaling solution, the Lightning Network, has seen payment volume increase by over 400% as real adoption grows. A new report highlights how the Lightning Network has grown in popularity as a way of transferring digital assets quickly and efficiently around the globe. CNBC today told the story of Alena Vorobiova, a Ukrainian refugee currently seeking sanctuary in Poland. Vorobiova used Lightning to transfer $100 worth of Bitcoin from Miami, where it was then withdrawn from an ATM in the equivalent Polish currency — all within the space of three minutes. That’s the sort of....