Bitfury has recently announced a partnership with blockchain-based payment processing system Paytomat, granting them access to Lightning Network payments.
Paytomat users will now be capable of processing Bitcoin transactions instantaneously by utilizing the Lightning Network, while still reaping the amazing benefits that blockchain security features offer.
The platform utilizes a already existing POS system. This system, at the current moment, contains hundreds of merchants expanding all over Italy, Ukraine, Netherlands and Spain. The types of business it contains are restaurants and bars, barbershops, e-commerce and even sports clubs.
Once the Integration has been finalized, it will allow both users and merchants to send and receive Bitcoin payments through the Lightning Network instantaneously.
The transition behind this recent partnership will be engineered by Bitfury’s Lightning Network engineering team, LightningPeach.
Head of LightningPeach, Pavel Prikhodko had this to say,
“The launch of the Lightning Network allows consumers around the world to use cryptocurrencies to make everyday purchases. Through partnerships like Paytomat, we are one step closer to making every point of service terminal cryptocurrency-friendly and Lightning Network-enabled.”
Yurii Olentier, Founder and CEO of Paytomat says,
“Businesses are willing to accept Bitcoin as a payment method, and crypto-enthusiast are willing to pay using it. We’ll give an opportunity to do both of them. But with the Bitfury partnership and implementing of the Lightning Network to our ecosystem, this opportunity becomes really quick and efficient. We’re happy to develop the future of the crypto market together, making fast crypto payments real.”
Transactions done’s in rapid fashion is something everyone has always dreamed of, and with this recent partnership between the two, gaining access to one’s Bitcoins will much more quicker and smoother. With Bitfury and Paytomat working together, it’s going to be quite interesting to see business and consumers flourish alike.