Bitfury Incorporates Lightning Payments In US Payment Gateway HadePay March 15, 2019 March 15, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMarch 15, 2019 by Kelly Cromley

Bitfury Incorporates Lightning Payments In US Payment Gateway HadePay

Through a blog post, Bitfury has announced that it has signed a partnership agreement with HadePay, a US-based payments processor, to permit its merchants to embrace Lightning Network (LN) transactions.

HadePay employed Lightning Peach API, developed by Bitfury, to enable LN payments, which are considerably quicker and cost effective than traditional Bitcoin trades.

HadePay worked with Bitcoin (BTC) mining and development firm’s Lightning Peach group, which comprises committed group of engineers concentrating on Lightning Network advancement.

HadePay already allows customers to embrace both fiat and crypto currencies as well as make disbursements through multiple services such as PayPal and Square, which act as a doorway to payments.

In its blog post, Lightning Peach head Pavel Prikhodko commented as follows: “HadePay’s wide network will now be able to accept bitcoin knowing that the transaction will go through almost immediately. The Lightning Network is an essential tool for efficient cryptocurrency payments, and we’re thrilled to be bringing it that much closer to worldwide adoption.”

The initiative highlights Bitfury’s recent endeavor to promote LN. Bitfury has already incorporated the same feature in January to its first exchange partner, Poland’s BTCBIT. In 2019, the technology is witnessing increased advertising, mainly due to the continuing Lightning Torch transaction relay study.

The Torch has changed hands between prominent network members including Twitter CEO Jack Dorsey, who swiftly promised to enforce LN payments on both Twitter and Square payment platform.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.