Bitfury's Integration Now Gives Merchants In U.S., Canada, and E.U. Access To Bitcoin Lightning Payment

More merchants in the U.S., Canada, and the E.U. will have access to Bitcoin Lightning payments courtsy Bitfury and Hadepay. Bitfury group announced its partnership with business payments processor, HadePay on Thursday.

Bitcoin Payment Getting Easier and Faster

Bitfury noted in the announcement that it had integrated its web-based lightning network, Peach Merchant API (application programming interface) with Hadepay’s platform. The integration will enable businesses to accept payment over the lightning network which will improve the efficiency and lower the costs of Bitcoin transactions. Also, it noted that when a payment is made, merchants can immediately convert Bitcoin into another currency through the Hadepay’s platform.

Also, Pavel Prikhodko, head of Lightning Peach, Bitfury’s team of lightning network developers stated that by bringing the Lightning Network to HadePay’s payment processing platform, the firm is making it easier for businesses across the United States to accept Bitcoin payments. This is now available in all the 50 states of the United States of America presently.

Further, HadePay’s CEO and founder, Brian Nichols said that Bitcoin has always been a good low-cost alternative to fiat payments, but with the integration, Bitcoin payments are now equally convenient as the firm’s fiat payment processing services. This will pave the way for mass adoption, Nichols stated.

HadePay is a payment processor platform that functions on a hybrid model, and it processes both fiat and blockchain payments. The platform can also be utilized by merchants around the world to accept payments through PayPal, Apple Pay, Square among others.

No doubt the integration and wide reach of the service to merchants across the 50 states of the United States, Canada, and the E.U. is a great boost to the status of Bitcoin globally

Lightning Network

The lightning network is a second layer scalability protocols that function on the Bitcoin blockchain. This is still a beta project which makes it attract some risks. However, this continues to develop and see support from the members of the crypto community.

In recent time, prominent names and firms have supported the technology in an ongoing experiment known as the lightning torch. This includes financial services giant, Fidelity Investments, LinkedIn’s co-founder, Reid Hoffman, and Twitter and Square CEO, Jack Dorsey.

Also, the recent surge of bitcoin daily transactions was also attributed to the Lightning torch experiment by some enthusiasts.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Quarterback Star Tom Brady Breaks Internet After Showing Interest In Bitcoin

Tom Brady, the American athlete who is widely regarded as the “greatest” quarterback in NFL history is the latest celebrity to show interest in the world’s most valued cryptocurrency Bitcoin. Brady who has a massive Twitter following of 1.9 million…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report…