Abiky (OP)
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January 03, 2020, 05:41:16 PM |
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Do you know where I could find a comprehensive list of mainstream businesses or stores (both online and physical) which accept Lightning Network payments? With the many benefits Bitcoin's Layer-Two solution provides, it could become quite an attractive alternative to Fiat for local retailers within the mainstream world. So far, I've toppled with gambling sites and a few exchanges which accept Lightning Network payments. But I hope that more businesses accept the LN in order to help increase adoption of Bitcoin within the mainstream world. It would be surprising to see a giant like Walmart or even Amazon accept Lightning Network payments in the future. Once this happens, then Bitcoin would've finally become a mainstream cryptocurrency for daily payments. Any recommendations or suggestions will be highly appreciated. Thanks in advance.
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LeGaulois
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January 03, 2020, 07:51:41 PM |
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It's too soon. We already struggle to convince business owners to use cryptocurrencies, so imagine with LN. And when they do accept to use cryptos they don't do directly but use a 3rd party and convert the coins directly to fiats. Rare are the shops where the owner takes care of his own wallet/keys etc. All currently using it are the small crypto shops online like Bitgild, Coinsbee, and others Otherwise https://acceptlightning.com/map.html https://lightningnetworkstores.com/
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gentlemand
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January 04, 2020, 12:08:27 AM |
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Bitrefill of course. There's a gaming store called Joltfun that uses it which I've bought from a couple of times. There's that Moon Chrome plugin that buys through a few place with it but I've no idea how trustworthy it is. They were doing Amazon but now seem to have lost it temporarily.
Since the average person doesn't understand or use it, including me, it's going to take a long, long time before it gets anywhere.
It's possible third party stuff like the Bakkt and Starbucks thing or some sort of Coinbase account linked payment will take precedence.
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Blitzboy
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January 04, 2020, 01:58:03 PM |
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I have never heard of any such store before. People used to expect the Lightning Network to debut to reduce transaction fees, but after it launched, the number of people using it was small. I don't know why but it is clear that low transaction fees will improve many goods trading issues, so why is it still underdeveloped? Perhaps the recent sharp decline in the value of bitcoin has slowed this development.
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Eugenar
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January 04, 2020, 03:11:19 PM |
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There is an ecommerce website here in the Philippines which is called the lazada and shoppee, Lazada is accepting bitcoin but I'm not sure if shoppee does also. But the good thing here is you can order some items online the pay directly using coins.ph, our local wallet that supports bitcoin transactions. If you coudl see and find the same platform like this, don't miss and make sure to try it out.
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kryptqnick
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January 04, 2020, 04:52:22 PM |
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The only thing I know is the service that allows ordering Domino's pizza and paying via the Lightning Network. They're called "Lightning Pizza" and here is their website. I did not try out the service and probably won't, because I ordered Domino's pizza a couple of months ago and it was pretty terrible. It's an interesting thing about pizzas and Bitcoin, by the way. Starting with the famous story from the old days, and then there's this LN pizza. Moreover, there's a local pizza place near where I live, and they also accept Bitcoin, although it's very uncommon in my country. They don't accept the LN, though. As for a list of places, I could not find anything better than what LeGaulois mentioned.
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TEX-LXRY
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January 04, 2020, 05:04:17 PM |
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We are not mainstream (yet) but we are experimenting with a lightning network and our own node on the marketplace. The goal is to test micropayments on our e-commerce store but larger transactions will still use on-chain BTC or LTC transactions. our link: https://market.total.exchange
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World's Largest Crypto Goods and Services Market
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Polar91
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January 05, 2020, 09:06:48 AM |
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We are not mainstream (yet) but we are experimenting with a lightning network and our own node on the marketplace. The goal is to test micropayments on our e-commerce store but larger transactions will still use on-chain BTC or LTC transactions. our link: https://market.total.exchangeThis would be a good starting point to implement the lightning network and to possibly make transaction easier. Because the problem we are facing now is high transaction fees and low speed of transaction. If ever this e-commerce idea is implemented to the physical stores nationwide and world wide. I do really think more adoption would take place especially followed by various Bitcoin ATM machines that will allow ordinary people to try bitcoin out and see how good our system is.
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marckenigsberg
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January 05, 2020, 12:30:42 PM |
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Adoption is still low for LN. There are a few early stage directories I have seen but nothing really comprehensive. When adoption increases directories will get better. When UX improves adoption will improve. The average person doesn't want to know how LN works, just be able to take out their phone and pay
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Abiky (OP)
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January 09, 2020, 10:09:56 PM |
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It's too soon. We already struggle to convince business owners to use cryptocurrencies, so imagine with LN. And when they do accept to use cryptos they don't do directly but use a 3rd party and convert the coins directly to fiats. Rare are the shops where the owner takes care of his own wallet/keys etc. All currently using it are the small crypto shops online like Bitgild, Coinsbee, and others Otherwise https://acceptlightning.com/map.htmlhttps://lightningnetworkstores.com/That's certainly true, mate. After all, crypto is still volatile in prices across the market. Even though the Lightning Network works as a tool for providing instant and cheap transactions worldwide, mainstream businesses & stores would still need to deal with price volatility one way or another. That's why Fiat currencies (like the USD and EUR) have been the top choice of businesses and merchants alike because they're always stable in price. I'd be surprised to see widely recognized retailers like Walmart, Amazon, eBay, and even Target accept Bitcoin through the Lightning Network. Once this happens, you could except mainstream adoption of crypto and Blockchain tech to rise like never before. The above links show an ever-growing number of businesses accepting Lightning Network payments, but the list is still small compared to those businesses which accept Fiat today. It's still too early to tell about Lightning Network's adoption within the mainstream world as it's still relatively unstable (under constant development). Hope that we'd get to see more businesses accept the LN for our own convenience. Bitrefill of course. There's a gaming store called Joltfun that uses it which I've bought from a couple of times. There's that Moon Chrome plugin that buys through a few place with it but I've no idea how trustworthy it is. They were doing Amazon but now seem to have lost it temporarily.
Since the average person doesn't understand or use it, including me, it's going to take a long, long time before it gets anywhere.
It's possible third party stuff like the Bakkt and Starbucks thing or some sort of Coinbase account linked payment will take precedence.
Bitrefill is a great service. It allows you to easily purchase gift cards by just using the Lightning Network. With instant transactions and cheap fees, you can't go wrong using this service anytime, anywhere. JoltFun is a great option for buying games online, while the Moon extension provides convenience to LN users by letting them pay on popular online retailers. The space is still growing as people are noticing the benefits of the Lightning Network more thoroughly. In the long run, it's hoped that more mainstream businesses & stores would accept Lightning Network payments for the benefits of their customers. This will depend on the level of success of the Lightning Network within the mainstream world. If it's heavily used by people worldwide, then you could expect mainstream businesses & stores to quickly adopt the Lightning Network. Otherwise, Fiat payments will be the norm for commerce in the mainstream world for a very long time.
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squatter
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January 21, 2020, 09:34:36 PM |
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This is a potentially exciting development for future Lightning integration: Square Crypto Is Creating a ‘Lightning Development Kit’ for Bitcoin WalletsSo rather than create a standalone Lightning node, we’re building a Lightning Development Kit (LDK) that gives wallet and application developers a convenient way to create custom experiences. LDK will include an API, language bindings, demo apps, and anything else that makes integrating Lightning easy, safe, and configurable. The API is based on the Rust-Lightning project, which offers clean interfaces and minimal system dependencies. Rust is also among the safest systems languages, one that will attract developers who can sustain LDK independently of us. Here’s just some of what LDK will simplify: - Adding Lightning capabilities to existing bitcoin wallets — no need to create a separate wallet just for Lightning.
- Supporting multi-device, multi-application access to a single wallet.
- Allowing wallets to make UX/security/privacy tradeoffs such as external transaction signing and customizing their state backup to a cloud service.
Today’s Lightning infrastructure is incomplete without features like these. https://medium.com/@squarecrypto/what-were-building-lightning-development-kit-1ed58b0cab06I think Square is probably correct on that last point. Improved LN interoperability among different devices and existing Bitcoin wallets is crucial to achieve an ecosystem that's ready for mainstream consumer/merchant adoption.
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batang_bitcoin
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January 21, 2020, 10:17:03 PM |
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Kindly correct me if I'm wrong. AFAIK, with what I've seen with blue wallet before it allows you to connect with several marketplaces and businesses that accepts LN payments.
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squatter
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January 23, 2020, 06:51:10 PM |
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Does purse have lightning integrated yet? I used to use them for stuff on Amazon all the time. You'd think places you buy things from routinely would jump all over lightning.
Nope, and as I recall, they were/are big blockers. They added support for Bitcoin Cash instead of working on Lightning, and they've floated the idea of adding Ethereum as well. I doubt you'll find much work being done to support Lightning at Purse.io beyond this blog post.
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Abiky (OP)
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February 07, 2020, 06:55:37 PM |
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As much as I use Purse for my Amazon purchases using Bitcoin, I would've loved for it to accept Lightning Network payments. But they've decided to take the route of accepting Bitcoin Cash instead. If BCH begins to adopt 0-conf transactions, then it'll work the same as the Lightning Network. But it won't be a decentralized solution, as relying on big blocks introduces centralization risks to the entire Blockchain network. Anyhow, with instant exchanges accepting Lightning Network payments (like Floatbit and CoinPlaza), you could instantly convert your BTCLN to BCH or BTC to use it at Purse. So even if there's a lack of mainstream businesses/stores which accept LN payments, it's still possible to enjoy instant transactions and low fees by exchanging your BTCLN to the aforementioned cryptocurrencies. At least, this is a temporary workaround until more merchants start accepting LN payments for the benefit of all. Personally, my most favorite service is Bitrefill. I can buy gift cards from major stores (both online and physical) with the Lightning Network. Payments and delivery of the digital gift card are instant, making the process seamless to any user. This is great for widespread adoption of the Lightning Network. But we need more businesses/stores to accept LN payments in the mainstream world in order to increase the adoption of the Bitcoin blockchain.
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figmentofmyass
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February 07, 2020, 09:30:02 PM |
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Personally, my most favorite service is Bitrefill. I can buy gift cards from major stores (both online and physical) with the Lightning Network. Payments and delivery of the digital gift card are instant, making the process seamless to any user. This is great for widespread adoption of the Lightning Network. bitrefill actually processes on-chain (non-RBF) bitcoin transactions < $200 without confirmation so you can get gift cards instantly without even using LN. https://www.bitrefill.com/faq/#when-is-order-deliveredthe difference is that they give you a 2% discount for using LN. their prices normally have a ~ 2-4% mark-up over value, so using LN gets it closer to (what i feel is) a fair price.
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franky1
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February 08, 2020, 05:08:59 AM |
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Personally, my most favorite service is Bitrefill. I can buy gift cards from major stores (both online and physical) with the Lightning Network. Payments and delivery of the digital gift card are instant, making the process seamless to any user. This is great for widespread adoption of the Lightning Network. bitrefill actually processes on-chain (non-RBF) bitcoin transactions < $200 without confirmation so you can get gift cards instantly without even using LN. https://www.bitrefill.com/faq/#when-is-order-deliveredthe difference is that they give you a 2% discount for using LN. their prices normally have a ~ 2-4% mark-up over value, so using LN gets it closer to (what i feel is) a fair price. and there disapears the good old days of getting giftcards of $50 and it only costing $40 of btc.. LN wants people to pay $51 worth of milisats for $50 giftcard........ ..... anyone see the problem with that promotion..
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figmentofmyass
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February 08, 2020, 09:17:07 AM |
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bitrefill actually processes on-chain (non-RBF) bitcoin transactions < $200 without confirmation so you can get gift cards instantly without even using LN. https://www.bitrefill.com/faq/#when-is-order-deliveredthe difference is that they give you a 2% discount for using LN. their prices normally have a ~ 2-4% mark-up over value, so using LN gets it closer to (what i feel is) a fair price. and there disapears the good old days of getting giftcards of $50 and it only costing $40 of btc.. LN wants people to pay $51 worth of milisats for $50 giftcard............. anyone see the problem with that promotion.. LN doesn't want anything. bitrefill is just overcharging, which is why i don't really use them unless i need instant processing. for most gift cards, i use egifter---they give 1-5% discounts when paying with bitcoin, and sometimes they run other promotions too. when i need amazon.com gift cards, i use the bitpay wallet, which sells them at 1:1.
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malevolent
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February 09, 2020, 04:23:52 AM |
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and there disapears the good old days of getting giftcards of $50 and it only costing $40 of btc.. LN wants people to pay $51 worth of milisats for $50 giftcard........
..... anyone see the problem with that promotion..
There are other places to save money while paying with bitcoins, bitrefill and some other major gift (re)sellers always had markups. You can still use purse.io or one of the several other places with cheap giftcards, but there's often a time/reliability component involved.
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Abiky (OP)
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February 12, 2020, 10:05:24 PM |
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bitrefill actually processes on-chain (non-RBF) bitcoin transactions < $200 without confirmation so you can get gift cards instantly without even using LN. https://www.bitrefill.com/faq/#when-is-order-deliveredthe difference is that they give you a 2% discount for using LN. their prices normally have a ~ 2-4% mark-up over value, so using LN gets it closer to (what i feel is) a fair price. Agree. You'd get a fair price by paying with the LN instead of using the main Bitcoin blockchain. It's a win-win situation for both the merchant and the consumer. Honestly, I'd wish that other gift card services like eGifter and Gyft would accept Lightning Network payments too. That would ramp up the competition within the crypto space. But so far, bitrefill seems to be the only place where you can buy gift cards online using the Lightning Network. Personally, I've found out that it's possible to buy games on the Steam platform with a gift card from bitrefill. You'd just select the gift card from the site, and place the code on your Steam wallet. The process is seamless and very convenient for the end user. It's a workaround for people looking to use their Bitcoins on the Steam platform. I know they used to accept Bitcoin before, but the high fees back in 2017 let Valve decide to remove the pioneer cryptocurrency as an acceptable payment method. That's why we need more services like Bitrefill that would make use of the Lightning Network to increase adoption of Bitcoin within the mainstream world. I'm sure that most people will prefer to use the Lightning Network for paying at mainstream businesses/stores instead of average cryptocurrencies or traditional Fiat currencies of today. Hopefully, we'd get to see giant stores like Walmart, Amazon, and eBay accepting payments from the LN in the future.
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