The Bitfury-backed crypto Wallet Lightning Peach which transfers cryptocurrency through the Lightning Network, has brought two modes for its non-custodial desktop and mobile versions namely an “extended” and “standard” mode. In Its official blog: “extended mode, payments without a user-generated Lightning invoice” can be made and set to streaming &/or recurring.”
One of the largest US retailer has announced that they are no longer accepting Visa credit cards due to excessive fees and reportedly eyeing on adopting Bitcoin’s Lightning Network instead for payment processing. The CFO of Kroger, Mike Schlotman then commented, “Visa has been misusing its position and charging retailers excessive fees for a long time.”
Now if you catch a taxi in London you can pay through crypto. FastBitcoin have become the payment service for the entire process which allows Jenkins to spend his Bitcoin asset. Jenkin has added that he is willing to educate the Londoners about Bitcoin so they could also have payment alternative method for public transportation.
A new online gaming platform developed on Bitcoin’s Lighting Network, by Koala Studio has been launched this week. Koala Studio team then explained, “We believe that the Bitcoin Lightning Network drastically reduces barriers of entry for gamers and game developers looking for a permissionless payment network that supports instant, low-cost micro-transactions,”
CEO of micro blogging social media giant Twitter, Jack Dorsey has confirmed his participation in the Lightning Network’s Torch initiative. It is a initiative started by community member for relay transaction. Jack entered into the system with a style by sending a invoice to a regular commentator through Lighting. Lightning Torch aims to produce better awareness of the benefits for Bitcoin users.
A set of tools aims to accelerate the adoption of Bitcoin’s Lightning Network called Peach product suite has been launched a blockchain technology company, Bitfury Group. It’s CEO then said,“By providing these products to the market, Bitfury is encouraging the worldwide adoption of this technology and providing unparalleled support to consumers and merchants.”
The CoinGate crypto payment gateway has introduced a pilot program covering a hundred merchants to experiment with transactions on a Bitcoin Lightning Network (LN) variant. The trail extends to esports betting websites, adult entertainment sites, and various online stores embracing cryptos. The LN technology is predicted to take 1-2 years for development and adoption by merchants.
The Blockstream, bitcoin software company, revealed that the channel capacity of the Bitcoin Lightning Network has raised to 16,856% and 4,084% in six months. During the beginning of this year, there were only 46 open channels and 0.682 BTC in capacity. However, presently, there are 7,800 open channels and 26 BTC in capacity.