CoinGate deploys payments through the Lightning Network

 

Earlier this week, the company joined the lyrics by launching its official Lightning node on the Mainnet Bitcoin .

As a reminder, the Lithuanian company , founded in 2014, allows merchants to accept payments in cryptocurrency, whether payments made in bitcoins , litecoins , ethers or other altcoins. Once the payment has been received, the company will immediately reverse the amount corresponding to the seller converted into fiat currency, for a fee of 1% taken from the payment paid to the seller , but without any cost to the buyer. The idea is to offer a payment interface to merchants wishing to accept cryptocurrency , while avoiding turbulence related to the sometimes violent volatility of prices .

The goal with the deployment of payments on Lightning Network is, according to the company, to seek to further reduce transaction costs, but also and above all to allow a paradigm shift in relation to the acceptance of cryptocurrencies in life for everyone : if it becomes possible to pay and be paid almost instantaneously in bitcoins through the Lightning Network, this may well change the situation, and Coingate is probably aiming for a significant increase in the number of users for payments in cryptocurrencies, both on the Internet and in physical shops .