Bitfury Group, the full-service blockchain technology company announced they have partnered with Paytomat, a blockchain-based payment processing system, to bring Lightning Network payments to Paytomat’s digital wallet and merchant app.
The partnership will enable users and merchants on the Paytomat system to send and receive bitcoin payments over the Lightning Network almost instantly. The Lightning Network is an open-source network that layers on top of the Bitcoin Blockchain, allowing users to quickly and efficiently send payments that still benefit from the security of the Bitcoin Blockchain.
The technical implementation of the system will be completed by Bitfury’s in-house specialized Lightning Network engineering team, LightningPeach.
“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.”
“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 it both of them. But with the Bitfury partnership and implementing of the Lightning Network to our ecosystem, this opportunity become really quick and efficient. We’re happy to develop the future of crypto-market together making the fast crypto-payments real.”