Bitcoin Forum

Hi! I recently stumbled upon Bitcoin Pay and read a little bit about it. It seems to be another approach in making Bitcoin transactions faster. Which is in general a good idea. I am new to cryptos, but already had some issues with Bitcoin transaction times, compared to Ethereum or Litecoin. Additionally the Segwit2x was called of and I read that Lightning Network is developed, but might as well never be implemented. Are there more concepts to improve the speed of transactions, which I am not aware of? More developments?

The name "Bitcoin Pay" is incredibly generic. From a quick google search, it seems like just another payment processor, not any particular approach to making Bitcoin transactions faster through layer 2 solutions or consensus rule changes. Can you perhaps provide a link to what you were looking at?

I actually never heard about such project - is it officially in development? Also, currently I endorse another one, which is straightly connected with paying via cryptos. If you take interest - I recommend you to check out positions of that project.

I have tried to searched Bitcoin Pay on the net but there is nothing so I suspect this is a kind of payment using bitcoin but not a bitcoin project per se.  Maybe it is a kind of a wallet that features payment using bitcoins.  I believe you have to dig deeper before you invest mate before you regret it later.

To me the Bitcoin pay is a form of bitcoin payment processing which provides solution for accepting bitcoin payment.

you can copy and paste this link for concepts to improve speed of transaction

https://themerkle.com/top-4-ways-to-speed-up-your-bitcoin-transaction/

actually sometimes you can encounter this situation, i think need to give some times to improve the system maybe improvement of thesystem is on process
and under study before implementing to make sure all in condition.

Hi! As I am new to whole thing I actually didn't look into this topic for some time.

Thanks to everyone, who answered.

Here is a link to the project:
https://www.bitcoinpay.com/en/about

Nevertheless I have more experience now and I did mix up this with lightning network. For now it looks to me strongly fraudulent or at least extremely underdeveloped. If you have more information on the topic just write me :)

Thanks again and I will try to answer earlier than in 120 days this time 😣😣

It's generally better for merchants to process their own payments directly, using something like BTCPay Server (https://main2-btc-ltc.forkbitpay.ninja/).  Not only does it allow you to avoid some of the fees associated with centralised payment processors, but it also brings you back to Bitcoin's P2P roots.  Why rely on middlemen to act as custodians for the funds when you can do it yourself? 

Just gone through the website and the information on the internet about BitcoinPay and I got to know that it is not an approach to make transaction faster or anything like that, it is just a payment gateway which allows merchants to accept payment in bitcoin for their eShops and merchants will have option to receive it as Euro, USD and other fiat currencies.