Bitcoin-Savvy Retailers to Experiment With Point-of-Sale Lightning App in 2020
Iterative Capital is working with Breez on a point-of-sale app for bitcoin lightning payments. Some retailers are already testing the beta version.
Bitcoin-loving retailers can now receive BTC from customers paying in fiat.
This is the first new cryptocurrency added by Coinbase Commerce since it added USDC in May 2019.
The platform will use blockchain to automatically input payments data into bank records.
Although bitcoin adoption may move at a glacial pace, merchants are seeing sustained traction regardless of market dips.
"Merchants can accept bitcoin and lightning payments with the same infrastructure, except they never touch the asset," explained Zap founder Jack Mallers.