BitPay Merchants to Get a Boost From Lightning Network Payment Integration \ stacker news ~bitcoin

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BitPay Merchants to Get a Boost From Lightning Network Payment Integration www.coindesk.com/business/2022/04/06/bitpay-merchants-to-get-a-boost-from-lightning-network-payment-integration/

122 sats \ 13 comments \ @CypherPoet 6 Apr 2022 bitcoin

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30 sats \ 1 reply \ @kr 6 Apr 2022

This is a great sign. BitPay is now integrated, and a BitGo integration is on the way. Both came just days after Kraken's LN launch.

For anyone wondering about the scale of this integration, BitPay did 76,583 payments last month, 43,469 of which happened on Bitcoin's base chain.

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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15 sats \ 3 replies \ @earnbitcoin 6 Apr 2022

NEW💥 BTCPay has officially integrated the #Bitcoin Lightning Network for all its merchants 🙌

Oh wait this was our Bitcoin2018 tweet.

view on twitter.com

😂😂😂😂😂

10 sats \ 1 reply \ @cryptocoin 7 Apr 2022

And BTCPay doesn't require the person paying to KYC themselves, unlike BitPay:

It's hard to be excited about Lightning Network adoption when it's this horribly bad.

Please address this @BitPay, requiring KYC for a simple purchase from a tech store is outrageous and completely unacceptable.

view on twitter.com

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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10 sats \ 3 replies \ @cryptocoin 6 Apr 2022

Here's another article on this:

Serving as a bitcoin payment processor for merchants since 2011, BitPay is one of the oldest companies in the cryptocurrency space.

“PacSun is excited to be one of the first BitPay partners to accept bitcoin payments using the Lightning Network,” said Michael Relich, the co-CEO of the retail clothing brand,

Bitcoin Payment Processor BitPay Announces Support For Lightning Payments https://bitcoinmagazine.com/business/bitpay-to-support-lightning-network

5 sats \ 1 reply \ @cryptocoin 6 Apr 2022

This benefits BitPay, of course, but with the network effect starting to roll, this helps all of the bitcoin ecosystem, as now there's another destination for a bitcoiner to spend, directly using Lightning network, and these LN payments will not consume on-chain transaction space in the bitcoin blockchain. This is a win-win!

There's been a lot of LN activity! Last week Kraken, the first major global U.S.-based exchange, announced they have added LN support for deposits and withdrawals:

Kraken Integrates Lightning Network Deposits & Withdrawals #17200 https://bitcoinmagazine.com/business/kraken-exchange-integrates-bitcoins-lightning-network