New Bitrefill Service Aims to Make Lightning Payments Easy

More from: | Coindesk |
0

Stockholm-based startup Bitrefill now offers a way to mitigate bitcoin’s expensive learning curve for new users.

Revealed exclusively to CoinDesk, Bitrefill’s new Thor service allows people to give lightning channels to someone else with no setup on the recipient’s side. Lightning was created to allow cheaper, off-chain bitcoin payments.

Bitrefill’s John Carvalho told CoinDesk:

“Thor allows people to connect to the lightning network whether they have bitcoin or not. All you have to do is download one of the supported wallet apps, install it, and then either you or a friend can come to Bitrefill and purchase a channel opening.”

Typically, this is how lightning works: Someone has to set up a channel between two parties and deposit enough

(...)

Read full article » https://www.coindesk.com/new-bitrefill-service-aims-to-make-lightning-payments-easy


About | Coindesk |

CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space.

»Twitter: @coindesk »Facebook: @coindesk