Bitfury launches suite of Bitcoin Lightning Network business products

The Bitfury Group, a full-service blockchain technology company today released a product bundle designed to make the Lightning Network easier for vendors and consumers to use.

The product list includes an open-source Lightning Network-enabled bitcoin wallet, a hardware terminal, and e-commerce software for merchants and payment processors to accept Lightning Network payments, a suite of developer tools, and a public Lightning Network node to help bitcoin users open and create payment channels.

The products were created and are supported by Bitfury’s Lightning Network engineering and research team, Lightning Peach.

The set of products is designed to bring every step of the business cycle onto the Lightning Network. The Peach wallet application helps users make purchases with their bitcoin. Transactions from users are easily accepted by merchants using the Peach merchant plugin or payment processors using the web-based Peach API.

Both users and merchants can use Lightning Network payment channels quickly thanks to the Peach e-commerce plugin, a straightforward app that helps bitcoin owners open and run payment channels on the Lightning Network.

[perfectpullquote align=”right” bordertop=”false” cite=”Valery Vavilov, CEO of Bitfury” link=”” color=”” class=”” size=””]”The Lightning Network will enable people to use bitcoin in their everyday lives. By providing these products to the market, Bitfury is encouraging worldwide adoption of this technology and providing unparalleled support to consumers and merchants.”[/perfectpullquote]

The Peach Wallet

Designed to take the Lightning Network closer to worldwide adoption, the Peach wallet is a free, cross-platform mobile wallet that enables users to explore and experiment with the Lightning Network. The Peach wallet simplifies the process of making micropayments. It combines our own user-friendly application and payment server solution with additional features and is compatible with all existing implementations of the Lightning Network.

Key features enable users to:

• Send and receive payments within the Lightning Network using payment requests.
• Send and receive on-chain payments with regular transactions in the Bitcoin Blockchain.
• Create invoices. • Create a custom channel via a Lightning address ID and the host IP of a peer.
• Send and receive payments within the Lightning Network via the Lightning ID address book.
• Recurring payments for subscription services between Lightning Peach users, which is useful when paying per-second or per-minute charges, such as video or voice calls.

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