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Bitcoin => Bitcoin Discussion => Topic started by: kenzawak on February 14, 2019, 01:38:12 PM



Title: Dominos now accepts Bitcoin via LN
Post by: kenzawak on February 14, 2019, 01:38:12 PM
Not sure it's been mentioned before but...
https://twitter.com/ln_pizza/status/1095751406420615168

https://i.imgur.com/hsjXJmY.png

Interface is simple but still :
https://ln.pizza/

Quote
While there are no details on whether Bitcoins are accepted in all of their 13,811 stores spread out across the world including China, there is no doubt that Bitcoin, Lightning Network and general adoption is gaining traction across the world. For starters, Domino’s Pizza is a public company with shares traded at the world’s second largest stock operator by market cap, NYSE as DPZ. The company has revenue by financial year 2017 stood at $2.47 billion translating to $214.68 million in profits. Domino’s Pizza now joins  Paragliding of Switzerland, Nanotorch, Spendl, Vape Store and Pollo Feed in a long list of merchants experimenting with the future of money.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: proTECH77 on February 14, 2019, 01:55:33 PM
That's a welcome development for Dominos accepting bitcoin via LN like other giants in the industry of practicalizing with bitcoin. The future is bright via bitcoin payment, hope this extend across the globe.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: SIDDHI777 on February 14, 2019, 02:59:46 PM
These types of services should be expand over the globe because it can give new meaning to Bitcoin as a currency and to make it more popular among citizens. Today there are many trading platforms for bitcoin that allows to trade as a digital asset but not as a currency and due to that except for the crypto community others won't see much use of Bitcoin and that is why proper adoption is necessary to use it as a payment method like the Dominos scenario


Title: Re: Dominos now accepts Bitcoin via LN
Post by: Upgrade00 on February 14, 2019, 03:09:26 PM
I will be checking up at the closest store to me, I figure that demand for bitcoin as a means of payment drives merchants and stores to accept it as there is already a community waiting to use it.
This is a welcome development, hopefully we have more companies accepting bitcoin. This is also a plus for lightening network.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: mich on February 14, 2019, 04:38:11 PM
This is impressive I tell you Im not too surprised.
But please let me know when Pizza Hut accepts Ethereum and IOTA so then I have something to be excited about!


Title: Re: Dominos now accepts Bitcoin via LN
Post by: franky1 on February 14, 2019, 04:55:11 PM
domino' does not accept bitcoin or LN

a middleman service called Fold does
true title should be. users can buy pizza via...


Title: Re: Dominos now accepts Bitcoin via LN
Post by: mk4 on February 14, 2019, 04:56:17 PM
I really doubt they're accepting bitcoin via LN directly. The website/service used, LN.PIZZA is a mediator. Pretty much just like how you use purse.io to purchase items on Amazon using bitcoin, but Amazon doesn't accept bitcoin directly.

Don't get me wrong though, this is still good news. Having the option to do so regardless if they accept it directly is a good thing.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: pawanjain on February 14, 2019, 05:14:15 PM
I still highly doubt if the news is legit or not. I will only believe it if the news is directly from Dominos themselves.
The website also doesn't look genuine to me. I definitely think it is just to spread a FUD in the market.
So I would suggest you to stop spreading this FUD and do a research yourself before posting such posts. Try to post a proof next time and a link to it.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: DeathAngel on February 14, 2019, 05:15:24 PM
domino' does not accept bitcoin or LN

a middleman service called Fold does
true title should be. users can buy pizza via...

Regardless it’s still another small step to our goal of widespread, mainstream adoption. Rome wasn’t built in a day.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: Pab on February 14, 2019, 05:29:01 PM
I am curious when it  will be possible for me ,in my country to buy pizza with bitcoin
My gov is blindly against crypto
I can only pray for Gov change in autom election
what will be when Bakkt will launch
I have been reading that even Starbucks sign with Bakkt
But customers will have choice .Pay with btc or fiat
Will you pay with btc


Title: Re: Dominos now accepts Bitcoin via LN
Post by: kryptqnick on February 14, 2019, 05:52:28 PM
Not sure it's been mentioned before but...
https://twitter.com/ln_pizza/status/1095751406420615168

Interface is simple but still :
https://ln.pizza/
It's great, of course, that it's possible to buy famous pizza with Bitcoin, but is it really Domino's accepting crypto? I cannot see any official info about it, so it looks to me more like there is this LN company where you can spend bitcoins on Domino's pizza, but the Domino's probably receives the payment in fiat. It doesn't even say otherwise anywhere apart from the names of the articles. So is it really Domino's (even though it doesn't look like it) or are we talking about a mediator that accepts btc and via which you can get Domino's pizza?


Title: Re: Dominos now accepts Bitcoin via LN
Post by: rdbase on February 14, 2019, 05:58:14 PM
domino' does not accept bitcoin or LN

a middleman service called Fold does
true title should be. users can buy pizza via...
Yes. Usually it is a third party who accepts the payments in crypto then transfers them into their countries currency to them
You always see it handled this way.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: shield132 on February 14, 2019, 06:07:53 PM
It's good they integrated bitcoin payment but... but it can't help them boost selling of their junk, apologize if anyone likes it but to my mind it's prices are huge compared to what you get to eat + that 5% sale is nonsense, at least where I live, very often they have 50% off on highest size pizza.
As I see btc payment comes from their partner, so will this continue for long? How soon will this news spread to their international stores?


Title: Re: Dominos now accepts Bitcoin via LN
Post by: Moshaid on February 14, 2019, 06:09:32 PM
This is a nice move concerning the acceptance of bitcoin in stores but it will be encouraging if this means of payment can also be opened to citizen in other countries.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: franky1 on February 14, 2019, 06:14:41 PM
It's good they integrated bitcoin payment but... but it can't help them boost selling of their junk, apologize if anyone likes it but to my mind it's prices are huge compared to what you get to eat + that 5% sale is nonsense, at least where I live, very often they have 50% off on highest size pizza.
As I see btc payment comes from their partner, so will this continue for long? How soon will this news spread to their international stores?

what is more then likely is the middleman(fold) has reserves and bought alot of dominos giftcards at discount. and its fold that accepts LN and then pays dominos using giftcard. meaning fold uses the "50% off highest size" and has a further 5-10% off due to giftcard deals so is only really paying 40% of the price and then charging 95% to customers.

real funny thing is. due to the delivery time and cooking delay. there is no actual need for "instant payment"

the real niche LN would see is gambling sites and arbitraging between exchanges. .. you know, services where you find people using every day and needing to move funds in seconds... not a once a week treat that takes 30-60mins delivery

but hey, overhyping and playing around with how involved companies are. and faking big names involvement seem to be the foolish game of gimmickery that gets played out. which doesnt wash with many people and actually makes smart people less inclined to get involved

if only people stuck with the real events and not overhype/twist how involved a company is, including being upfront about flaws. then more people would see the benefits and atleast know the risks/issues to be well informed.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: squatter on February 14, 2019, 08:29:32 PM
I really doubt they're accepting bitcoin via LN directly. The website/service used, LN.PIZZA is a mediator. Pretty much just like how you use purse.io to purchase items on Amazon using bitcoin, but Amazon doesn't accept bitcoin directly.

Don't get me wrong though, this is still good news. Having the option to do so regardless if they accept it directly is a good thing.

Somehow "LN.PIZZA" doesn't produce the same sort of hype that a publicly traded Fortune 1000 company does. :P

Personally, I'd rather see Dominos go out of business than see anyone paying for that crap. Awful, awful stuff. Get some real pizza!


Title: Re: Dominos now accepts Bitcoin via LN
Post by: aoluain on February 14, 2019, 08:43:47 PM
domino' does not accept bitcoin or LN

a middleman service called Fold does
true title should be. users can buy pizza via...

And here is a lonk mentioning the same. Fold is an app which handles
the ordrrs for dominos > https://bitcoinist.com/lightning-pizza-lets-you-order-dominos-with-bitcoin-for-less-than-1-cent/

A new consumer app enabling anyone in the US to order pizza using
Bitcoin via the Lightning Network launched last week.


Either way its a positive move forward, it will help to get people used to
spending bitcoin.

A nice treat at the end of the week after earning bitcoin!


Title: Re: Dominos now accepts Bitcoin via LN
Post by: crzy on February 14, 2019, 08:53:56 PM
domino' does not accept bitcoin or LN

a middleman service called Fold does
true title should be. users can buy pizza via...

Regardless it’s still another small step to our goal of widespread, mainstream adoption. Rome wasn’t built in a day.
We are moving slowly but surely and this kind of development is still a good chance for the market to grow more. This is a long process, and a small action like this will make big impact in some businesses. Dominos pizza is good and it can really attract more customers becuase of this adoption and system improvements.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: BurgerCash on February 14, 2019, 09:37:15 PM
State channels are actually great advertisement for stores, now that I think about it. Knowing that you have a direct channel open with merchant X you're more likely to order from there.
This could help with adoption.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: franky1 on February 14, 2019, 09:51:28 PM
State channels are actually great advertisement for stores, now that I think about it. Knowing that you have a direct channel open with merchant X you're more likely to order from there.
This could help with adoption.

but you dont have a channel open with domino's store X in town X..
you have a channel open with a buffer hub that takes the DDos strain off of FOLD servers and your indirectly paying FOLD.

the FOLD indirectly pays domino's

domino's has no clue the end order is even related to bitcoin.
domino's has no clue what LN is

all domino's would see is a pizza order, customers address and a paid with dollars

(dont get me wrong, i pay many things using my bitcoin, which in some cases goes through intermediaries. but i personally dont gimmickery around over promoting the merchants that provide me with goods as 'bitcoin accepting businesses' when they dont. however the businesses that do directly receive my bitcoin. and know of it, i do highlight and promote as bitcoin accepting businesses)


Title: Re: Dominos now accepts Bitcoin via LN
Post by: stortz on February 14, 2019, 09:56:16 PM
if it accepts transactions from the LN
does that mean that any coin with LN support can be used for the payment?


Title: Re: Dominos now accepts Bitcoin via LN
Post by: franky1 on February 14, 2019, 09:57:47 PM
the ordrrs for dominos > https://bitcoinist.com/lightning-pizza-lets-you-order-dominos-with-bitcoin-for-less-than-1-cent/

dang. such a naive article.
"instantly confirmed" "settled for under a cent"... dang they have no clue of reality.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: mk4 on February 15, 2019, 02:52:53 AM
if it accepts transactions from the LN
does that mean that any coin with LN support can be used for the payment?

The listed wallets on https://ln.pizza/about are only bitcoin lightning wallets:

https://i.imgur.com/IeIZAJj.png

and it says on their Twitter description: "Lightning fast pizza and bitcoin delivery lol"

https://i.imgur.com/RZaIssa.png

So, yea. Bitcoin lightning only most likely.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: franky1 on February 15, 2019, 03:21:25 AM
gotta love the media over hype. untill you then read the details
"Over 150 people bought pizza with bitcoin this week by using the Lightning Network."
"We’re trying to make bitcoin fun again and illustrate that lightning is at a point where it is mainstream-ready.”"


seems stats are showing that although there were 1500 attempted orders in the last couple days, only 10% ended in success. with fold saying it was due to users having problems using the lightning wallets

"The largest barrier to conversion was setting up a new lightning wallet,” Reeves said, adding there were roughly 1,500 orders but only a 10 percent conversion rate because people struggled to use lightning-enabled bitcoin wallets."

https://www.coindesk.com/pizza-lightning-bitcoin


Title: Re: Dominos now accepts Bitcoin via LN
Post by: Crypto one on February 15, 2019, 08:35:35 AM
It's Great to see that a secure payment service providers are adding the Bitcoins lightning network to there list of payment options.
Hopefully we will soon see someone buying two Domino's pizzas for 10.000 satoshi.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: eternalgloom on February 15, 2019, 08:44:23 AM
This is impressive I tell you Im not too surprised.
But please let me know when Pizza Hut accepts Ethereum and IOTA so then I have something to be excited about!


Huh? You're not excited when a major business 'accepts' Bitcoin LN payments?
You know you're on the Bitcoin Forum, right?

News like this does excite me. I mean, I see franky1's point that Domino's doesn't actually know they're accepting Bitcoin payments, but for the end-user it's still great (in theory).


Title: Re: Dominos now accepts Bitcoin via LN
Post by: veleten on February 15, 2019, 08:51:33 AM
I wonder if Domino's pizza even know about LN or bitcoin :)
foldapp is their partner and they are doing a good job promoting LN and bitcoin
in reality I highly doubt that they will be having many customers, as much as I love bitcoin and probitcoin
the mass adoption is not enough to take any good share of the market, probably 1-2% will be ordering pizza and paying with bitcoins, but this will definitely change soon
and if you are the first one, you get big advantage, so they are working for the future


Title: Re: Dominos now accepts Bitcoin via LN
Post by: romero121 on February 15, 2019, 11:09:44 AM
Dominos accepting bitcoin via LN is good. Acceptance of bitcoin keeps growing and for the same faster confirmation is a must. In the past there were more and more corporate firms that accept bitcoin, but they stop the service in a short due to issues with transaction delay. Now this is fulfilled, so Dominos accepting bitcoin will continue forever.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: Kakmakr on February 15, 2019, 11:18:21 AM
I hope people will take this opportunity to support this endeavor, because we have seen similar test runs with other popular food franchises and they stopped doing this, because there were not enough people who used this option.  :P  Lazlo needs some pizza buddies.  ;D

It will be interresting to see if this takes off or if this is just going to be a test run again. <Marketting gimick> I know KFC had a marketting campaign a few years ago, where they accpeted bitcoin payment at some of their branches, but that ended very quickly.  >:(



Title: Re: Dominos now accepts Bitcoin via LN
Post by: izanagi narukami on February 15, 2019, 11:33:52 AM
This is how crypto being used.
If I can choose between crypto and fiat, I will choose crypto for instant and easy transaction.
Unfortunately my government still not agree with crypto stance at my place


Title: Re: Dominos now accepts Bitcoin via LN
Post by: thankyoulord on February 15, 2019, 09:15:27 PM
Dominos accepting bitcoin is a welcomed and a great news for the cryptocurrency commnunity. I strongly believe we will continue to witness people and companies including businesses adopt and use bitcoin for their daily transactions. This is just the beginning, more to come


Title: Re: Dominos now accepts Bitcoin via LN
Post by: muhtesem on February 15, 2019, 09:45:15 PM
I think it's a very logical step. So successful in terms of advertising and marketing. I'm sure it will possitive affect the dominos and hope that it will spread and continue.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: AB de Royse777 on February 19, 2019, 11:20:24 AM
I was surfing on the LN.Pizza site for Dominos then I noticed this: MADE WITH ♥ BY FOLD

So this is the site who developed the app for them: https://foldapp.com

If you read the How it works section then it literally reflect the LN concept.

Quote
Load
Send bitcoin from any wallet to load credit with store cash.

Quote
Pay
Pay for your order by scanning the barcode on your phone.



Title: Re: Dominos now accepts Bitcoin via LN
Post by: nicecrypto on February 19, 2019, 01:03:49 PM
I was surfing on the LN.Pizza site for Dominos then I noticed this: MADE WITH ♥ BY FOLD

So this is the site who developed the app for them: https://foldapp.com

If you read the How it works section then it literally reflect the LN concept.

Quote
Load
Send bitcoin from any wallet to load credit with store cash.

Quote
Pay
Pay for your order by scanning the barcode on your phone.



the awareness are gradually setting in, in no time a good number of people would try using this service to experience our beloved btc :D  we need to see more major businesses accepting crypto's as payment especially the well known once, the more the merrier ;D  we need more adopters of btc, we need bull run :D


Title: Re: Dominos now accepts Bitcoin via LN
Post by: thankyoulord on February 22, 2019, 09:35:15 PM
this is indeed a good and a welcomed development for the crypto community. Dominos accepting bitcoin via LN is surely something that will motivate other big companies in adopting the use of bitcoin.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: teejayrichard2 on February 22, 2019, 10:53:34 PM
bitcoin acceptance and adoption is on the increase on a daily basis as we continue to see all kinds of business, companies and individuals accept and adopt its use. this will continue till bitcoin becomes a major means of transaction all across the globe.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: imstillthebest on February 22, 2019, 11:19:54 PM
This is how crypto being used.
If I can choose between crypto and fiat, I will choose crypto for instant and easy transaction.
Unfortunately my government still not agree with crypto stance at my place

Aw that was bad to hear . may i know in what country you are residing ? Nowadays Its rare to see a place that restricts crypto since we all know that crypto is already in its honeymoon state  but dont worry bro sooner or later your place can surely unrestrict the use of cryptos because crypto is really the future of money  . i mean the  future of internet money rather , not in a way that it will replace fiat transaction .


Title: Re: Dominos now accepts Bitcoin via LN
Post by: ovcijisir on February 22, 2019, 11:31:32 PM
I am always excited when some store accepts cryptocurrency as a payment method because it leads to popularisation of crypto as well as crypto being used like currency and not like asset.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: cellard on February 24, 2019, 05:23:49 AM
It's good they integrated bitcoin payment but... but it can't help them boost selling of their junk, apologize if anyone likes it but to my mind it's prices are huge compared to what you get to eat + that 5% sale is nonsense, at least where I live, very often they have 50% off on highest size pizza.
As I see btc payment comes from their partner, so will this continue for long? How soon will this news spread to their international stores?

what is more then likely is the middleman(fold) has reserves and bought alot of dominos giftcards at discount. and its fold that accepts LN and then pays dominos using giftcard. meaning fold uses the "50% off highest size" and has a further 5-10% off due to giftcard deals so is only really paying 40% of the price and then charging 95% to customers.

real funny thing is. due to the delivery time and cooking delay. there is no actual need for "instant payment"

the real niche LN would see is gambling sites and arbitraging between exchanges. .. you know, services where you find people using every day and needing to move funds in seconds... not a once a week treat that takes 30-60mins delivery

but hey, overhyping and playing around with how involved companies are. and faking big names involvement seem to be the foolish game of gimmickery that gets played out. which doesnt wash with many people and actually makes smart people less inclined to get involved

if only people stuck with the real events and not overhype/twist how involved a company is, including being upfront about flaws. then more people would see the benefits and atleast know the risks/issues to be well informed.

The way LN will shine the most is going to be on retail, person to person commerce. If you buy something, who cares if it takes a day to process the transaction or whatever, since it takes a day minimum to arrive for the package as best case scenario.


https://www.youtube.com/watch?v=2Fb6Xww2P7c

I like to think that in 2030 we will have LN on many retail places and vending machines with this drink:

https://preview.redd.it/gui5fqztzdi21.jpg?width=640&crop=smart&auto=webp&s=ce8879a52873ddb28f27fe0155247bad55ae6a58

And the interface will be insanely easy to use. The average joe doesn't care about anything that isn't press->send->receive good or service anyway. Anyone that cares about holding Bitcoin will figure things themselves.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: incomefromcoins on February 24, 2019, 12:06:58 PM
pizza and bitcoin have both very close connection in adoption and dominos big brand accepting bitcoin is good sign


Title: Re: Dominos now accepts Bitcoin via LN
Post by: yusupjatigumilar on February 24, 2019, 12:29:42 PM
Is it true? I hope that if it really can have a good impact on bitcoin and other crypto currencies, hopefully this will increase people's trust in using bitcoin either for payment instruments or just used as an investment commodity, a lot of bad news that befalls bitcoin in the future may hopefully treated with the news at least some people's negative views about bitcoin can be reduced.


Title: Re: Dominos now accepts Bitcoin via LN
Post by: SiDtHeBeSt on February 24, 2019, 06:07:45 PM
A good step to promote the usage of Bitcoin but I still wouldn't use Bitcoin on buying a pizza and c'mon everyone knows the story of the pizza that costed someone millons today or basics someone actually bought pizza and paid with bitcoins which were equivalent to a lot of money someday ago when the market value was good.