Nov 09, · Bitcoin: Lightning used as a retail payment system By Marco Cavicchioli - 9 Nov Lightning Network, Bitcoin’s second layer, is similar in some ways to fiat currency retail payment systems. This is the conclusion reached in a long article by Galoy comparing some payment systems such as VISA and LN. Get 44 bitcoin digital payment system website templates. All created by our Global Community of independent Web Designers and Developers. Dec 20, · Ron Paul, the muckraking former congressman from Texas, is stirring things up once again, this time taking aim at the new real-time digital payment system proposed last week by .
Bitcoin digital payment systemBitcoin: Lightning used as a retail payment system - The Cryptonomist
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As the transactions using bitcoin is more easy, so everyone is curious about how to get bitcoin. The answer is simple. Once you start doing your own btc trade, it will not be difficult for you to have bitcoin. So, while the trustless nature of LN would make it a better system than traditional ones, most users could instead continue to entrust the custody of their BTC to a third party. The analysis suggests that it could take years, if not decades, before the peculiar features of LN clearly emerge on the retail market , which is a market populated by a huge number of ordinary citizens who are not really able to fully understand its technical functioning.
Prev Next. All Fintech. Lightning Network for retail payments From this point of view, just like second layer-based dollar payment systems, LN could also be used for retail payments, especially as it is much better for this purpose than traditional onchain transactions.