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Author Topic: Shopify is now supporting Bitcoin Lightning Payment  (Read 317 times)
bitart
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September 06, 2019, 09:34:41 PM
 #21

Shopify accepting LN is indeed a big news! Especially for those, who are willing to see bitcoin getting accepted within the mainstream economy! For those who doesn't know what shopify is, it is a e-commerce platform provider where common people like us can make their own e-commerce store. They also have connections with big vendors which empowers small business owners to connect with them and sell their products through their own store. In one sentence, it is a simplified e-commerce solution provider with huge customer base not less than few millions.

Now when such a big provider like Shopify starts accepting bitcoin payments, is a great news for the community. It will empower all their stores to use it as a payment gateway for their customers! KYC and centralization is another debate which will keep on going here, but it is certainly another step ahead towards mass adoption!
Just don't forget that this is also a good marketing trick for Shopify...
The world is full of companies, doing the same thing... how you can be different?
E.g. you draw a beautiful logo which everyone will recognize after a while in a second and will search for that beautiful logo after...
Or you can ask a famous actor or movie star to use his/her face/body/etc.... in your advertisements, to let people connect your service with that famous person and trust your service before they even tried it...
Or, you can use bitcoin, to let people know that you accept bitcoin... most of the people just heard about bitcoin, and it's too technical for most of the average joes, so if a shop or anything can accept bitcoin, that means that they are really good and they will be really rich because of bitcoin, so they will remember and use the service of that company... Bitcoin still has a kind of hype around itself, so it's still a good marketing thing to use bitcoin (of course with KYC, just to be on the safe side...)
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September 06, 2019, 09:44:53 PM
 #22

Just don't forget that this is also a good marketing trick for Shopify...

It's mostly that. The name bitcoin draws attention to everything because it's new and trendy. It's also difficult for average Joes, you're right about that.

For most companies adding bitcoin transactions is expensive. They need to add the option to their site educate staff how to handle it make sure someone knows how to add these profits to the books. It's all for that 1 client out of 1000 who will pay in BTC.
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September 06, 2019, 10:39:43 PM
 #23

I would say it's a massive good new but yet... The news seems good enough but the issue of KYC will equally make investors to run away as usual.
I just hope they dont make the KYC vérification process too strict.
Moreover, Shopify is not doing Bitcoin a favour but doing themselves a favour too.
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September 06, 2019, 11:15:35 PM
 #24

It's a great news and this would help the business to grow.
I made a research about the business because I had never shop yet in this online store.

I found according to https://en.wikipedia.org/wiki/Shopify, that their revenue in 2018 was only US$1,073.2 million, so I'll consider this a small company.
Hopefully companies like Shopify are more aggressive in adopting bitcoin and use the LN so it will be popular.
Imagine, this kind of company size, many of them will start using the LN, that would bring great success in the future.

Also, time for people to be aware that with LN, bitcoin will be faster.

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September 07, 2019, 01:23:25 AM
 #25

I haven't tried shopify but if it is now supporting bitcoin then that's great because it will be very convenient for all bitcoin holder to shop on there site because they doesn't need to use their credit / debit card to shop and to pay for their credits

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September 11, 2019, 01:18:11 PM
 #26

I haven't tried shopify but if it is now supporting bitcoin then that's great because it will be very convenient for all bitcoin holder to shop on there site because they doesn't need to use their credit / debit card to shop and to pay for their credits
It was a great deal to me really when I heard that shopify is already accepting bitcoin because I do run lots of things through shopify and payment has been of constraint to me in some areas because of the country where I come from, our credit card is always having issue with some of these international payment which bitcoin payment has corrected because now I can make payment easily without much delays and much barriers on the way.

I hope that there will more other sites like that we are using which will be very useful for many of us. It is good that bitcoin technology is really taking over the entire commercial space as I can see that the majority of ecommerce sites are already working toward implementing bitcoin payment on their site.

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mazdafunsun
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September 11, 2019, 03:21:15 PM
 #27

Again the news are not as they seem.
KYC for small payments to shopify vendors,this is stupid.
And possibly unnecessarily, maybe I am mistaken but for example EU laws requires KYC only over ~200 Euros , so why the KYC..

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