Shopify is now supporting Bitcoin Lightning Payment

[Baofeng]

For those users of Shopify here, they are now supporting LN thru OpenNode.



https://twitter.com/BitcoinMagazine/status/1166807416165601286

https://www.opennode.co/blog/how-to-accept-bitcoin-shopify-extension/

However, you need to read about this, OpenNode requires KYC now!.

Mass adoption or not?

[1714043128]

1714043128

[Carlton Banks]

However, you need to read about this, OpenNode requires KYC now!.

I won't be using Shopify or their partner gateway for Lightning

Mass adoption surveillance or not?

fixed

[Kakmakr]

However, you need to read about this, OpenNode requires KYC now!.

I won't be using Shopify or their partner gateway for Lightning

Mass adoption surveillance or not?

fixed

I reckon this is what is going to become the trend in the future with large companies like this. Once they know that the supporting services adhere to KYC requirements, then they would be more willing to accept Bitcoin as a payment option. I can use Bitcoin with most of the local e-commerce sites, but they only accept it, if you do this through payment processors that adhere to strict KYC requirements.

I think a lot of them are scared that their services or companies would be used as money laundering operations to "clear" dirty bitcoins and that would threaten the future of their business. We cannot blame them, if their local laws and regulations stipulate certain requirements for them to accept Crypto currency payments. <Most countries only define Bitcoin as a commodity and not as a currency, so this pose a challenge to these companies.> 

[CryptoBry]

However, you need to read about this, OpenNode requires KYC now!.

I won't be using Shopify or their partner gateway for Lightning

Mass adoption surveillance or not?

fixed

I reckon this is what is going to become the trend in the future with large companies like this. Once they know that the supporting services adhere to KYC requirements, then they would be more willing to accept Bitcoin as a payment option. I can use Bitcoin with most of the local e-commerce sites, but they only accept it, if you do this through payment processors that adhere to strict KYC requirements.

I think a lot of them are scared that their services or companies would be used as money laundering operations to "clear" dirty bitcoins and that would threaten the future of their business. We cannot blame them, if their local laws and regulations stipulate certain requirements for them to accept Crypto currency payments. <Most countries only define Bitcoin as a commodity and not as a currency, so this pose a challenge to these companies.> 

This is quite expected as businesspeople do not want to get entangle with the government for any reason. These people know that there is a potential in the use of cryptocurrency but they know how to be careful not to be embroiled in legal battle no matter how trivial it can be. Third-party infrastructure can be helping a lot the business sector get into the cryptocurrency bandwagon easily and safely. This is in a way can help a lot towards the expansion of the whole cryptocurrency industry.

[btc_angela]

Perhaps those unaware of the whole KYC procedure will fall for this trick early on and will try to use LN, sort of experiment. So it could really bring some newbies on-board e-commerce platform. After all everyone e-commerce business is growing every year and it the end if could boost bitcoin and bridge the gap to the masses.

[Carlton Banks]

I reckon this is what is going to become the trend in the future with large companies like this. Once they know that the supporting services adhere to KYC requirements, then they would be more willing to accept Bitcoin as a payment option. I can use Bitcoin with most of the local e-commerce sites, but they only accept it, if you do this through payment processors that adhere to strict KYC requirements.

I think a lot of them are scared that their services or companies would be used as money laundering operations to "clear" dirty bitcoins and that would threaten the future of their business. We cannot blame them, if their local laws and regulations stipulate certain requirements for them to accept Crypto currency payments. <Most countries only define Bitcoin as a commodity and not as a currency, so this pose a challenge to these companies.>  

This is quite expected as businesspeople do not want to get entangle with the government for any reason. These people know that there is a potential in the use of cryptocurrency but they know how to be careful not to be embroiled in legal battle no matter how trivial it can be. Third-party infrastructure can be helping a lot the business sector get into the cryptocurrency bandwagon easily and safely. This is in a way can help a lot towards the expansion of the whole cryptocurrency industry.

Answer this question:

is there ANY POINT AT ALL in using a cash-like internet currency if we accept a middleman that changes it back into a controlled system?


actually, don't bother answering, just go play in a lightning storm wearing a tall copper hat instead


this is why we can't have nice things

[electronicash]

truly we can't just have nice things. for them to conduct the mass surveillance they would simply also do the mass adoption, this is not the ideal but i guess if we want the price to grow as quick as possible to finally get the attention media. its fine, it will go that way eventually i guess the option for shopify accepting BTC lightning payment is fine.

[romero121]

Truly a good move from shopify, but the acceptance through an intermediary service is same as that an user making use of banks to transact his own funds. Here these intermediary service people sticking to strict KYC rules will make people avoid these services. Anyhow this is truly a big step forward in large scale adoption.

Shopify being one among the leading e-commerce platform accepting bitcoin will make a big difference in the e-commerce market which right now has got limited access with limited number of stores accepting bitcoin. Here good things related to bitcoin needs to be spread, which is very important for growth.

[BitHodler]

It'd be great if they support BTCPay rather than OpenNode since their hompeage use keyword "Manage — everything" which should apply to payment option and whether merchant decide to control their funds or not.

OpenNode is backed by Tim Draper, so it's much better on that front than all the other centralized payment gateways. It might also be a convenient way for him to accumulate Bitcoin instead of directly selling for fiat.

Roger Ver offered $1 million to OpenNode if they would provide support for Bcash, but they declined the offer. Now that's what I call dedication. It was a big f-you in the face of Roger with his money that this time couldn't help him.

I'm already happy that we see LN integration instead of yet another main-chain accepting merchant. It's clear by now that it's not cost effective to use the main-chain for low value payments.

[1Referee]

However, you need to read about this, OpenNode requires KYC now!.

Not shocking at all. BitPay does so too, though it (for now) is being enforced only when it comes to relatively higher amounts. If in the future KYC will be required even for the tiniest payments, then this is an excellent setup for merchants to adopt BTCPay Server. It offers way more actual control over your funds, and you don't have to pay a fee to the BitPays of this world.

I'm pro any form of Lightning adoption. I would however like to see more non techy merchants hop on board. It will help bring in some much needed variety in the type of merchants accepting Bitcoin.

[hahahafr]

It's really great that Shopify now accepts bitcoin as another mode of payment hence giving crypto enthusiasts the opportunity to spend their cryptocurrencies. But one thing i have realized among these marketplaces is that most of them that would allow the acceptance of cryptocurrencies as a mode of making payment will ensure that users perform strict KYC procedures.

[rodel caling]

I didn't use shopify but only one thing I can say about this shopify payment accept bitcoin payment it can help for mas growing popularity of bitcoin as payment to the convinient of the customers, we the the online market today is very popular a lot of people all over the world are using online market shopping it is very helpful through LN the process of payment is very easy and fast.

[Artemis3]

I'm already happy that we see LN integration instead of yet another main-chain accepting merchant. It's clear by now that it's not cost effective to use the main-chain for low value payments.

The only thing i see currently holding back LN use is wallet support, but i guess you need places to use it first even if you manage to get a wallet...

[pooya87]

is there ANY POINT AT ALL in using a cash-like internet currency if we accept a middleman that changes it back into a controlled system?

what if that middleman is acting like a link between the two worlds. it helps those who don't want to accept bitcoin be linked with those who want to spend bitcoin.

of course in an ideal world you don't want a third party but in that ideal world bitcoin price is stable and it is mass adopted so the merchant accepting bitcoin doesn't have to convert it back to fiat and possibly lose a big percentage when he wants to resupply.
i say they are a necessary evil for now.

[pakhitheboss]

For those users of Shopify here, they are now supporting LN thru OpenNode.



https://twitter.com/BitcoinMagazine/status/1166807416165601286

https://www.opennode.co/blog/how-to-accept-bitcoin-shopify-extension/

However, you need to read about this, OpenNode requires KYC now!.

Mass adoption or not?

KYC!   That is control.

Mass adoption! I think it is more like an Identity check and why the heck I will use my Bitcoin to buy anything online. I better keep it in my wallet till it reaches moon.

[tetyulfania]

Nice and good quality how many company want to use bitcoin as payment, now shopify start using bitcoin as their payment system always giving good positive for bitcoin price.

[bitcoinposts]

Shopify   is big merchant accepting btc is major step after amazon i thinbk shopify merchant we can expect more big clients accept btc as major currency

[kryptqnick]

However, you need to read about this, OpenNode requires KYC now!.

I won't be using Shopify or their partner gateway for Lightning

Mass adoption surveillance or not?

fixed

I reckon this is what is going to become the trend in the future with large companies like this. Once they know that the supporting services adhere to KYC requirements, then they would be more willing to accept Bitcoin as a payment option. I can use Bitcoin with most of the local e-commerce sites, but they only accept it, if you do this through payment processors that adhere to strict KYC requirements.

But why? If these are merchants, things should be easier. When I go to the supermarket, I don't have to show my ID every time I want to buy something. In fact, I can always use cash, and nobody will know whether I am a criminal or not or whether this money is clean.

I think a lot of them are scared that their services or companies would be used as money laundering operations to "clear" dirty bitcoins and that would threaten the future of their business. We cannot blame them if their local laws and regulations stipulate certain requirements for them to accept Crypto currency payments. <Most countries only define Bitcoin as a commodity and not as a currency, so this pose a challenge to these companies.> 

It's true, unfortunately, that Bitcoin is mainly considered some sort of asset or property, rather than money. Well, I think that most Bitcoin users don't consider it money as well, but money laundering has nothing t odo with it, and blaming cryptos for something fiat and banks are involved in way more often is not fair.

[avikz]

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!

[RealMalatesta]

It's great, at least this would be another positive way to boost the awareness and adoption of bitcoin, with over 500 thousand merchants that they have on their platform, at least 30% of it alone adoption bitcoin payment will help further spread the news around the world again.

For us to get the peak of adoption that we need, we need to first encourage lots of merchants to accept it as means of payment because there is no point willing to want to use bitcoin to pay and there is no merchant available to accept it, so this is a stepping stone already for us to get more adoption of bitcoin in future. I am sure that other platforms like this will also encourage their merchants too to adopt the use of cryptocurrency for their business to grow.