How to recive money with Lightning Network

ndalliard

full member

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Quote from: khaled0111 on July 24, 2021, 03:46:24 PM

The problem with the lightning network is that it's still not easy to use for newbies and not many wallets support it.

i disagree - what is hard in installing an app? there is bluewallet, phoenix, walletofsatoshi and so on. sure some are more custodial than others, but i would argue that it is getting easier "every day"

maybe there will not be a lot of usage in the store, because it is obvious that you spend the "dirty fiat" first, before spending valuable sats. but then i heard there are also people having only bitcoin - they have to spend their sats one way or another

Rath_

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Quote from: khaled0111 on July 24, 2021, 03:46:24 PM

The problem with the lightning network is that it's still not easy to use for newbies and not many wallets support it. Besides, it's not yet suitable for big transactions.

BlueWallet provides a seamless Lightning experience for newbies. Also, my node routed quite a few large payments (up to 900k satoshis). I wouldn't be surprised if larger nodes were routing much bigger transactions.

Oshosondy

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Gamble responsibly

Quote from: khaled0111 on July 24, 2021, 03:46:24 PM

Besides, it's not yet suitable for big transactions.

Lightning network is better for paying small transactions, you visit a coffee shop daily, you can open a channel with the coffee shop owner and be using lightning network for the payment. This type of transaction will not be good on onchain but rather be good on layer 2. This will keep the mempool less busy if many people adopt lightning network.

khaled0111

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Top Crypto Casino

The problem with the lightning network is that it's still not easy to use for newbies and not many wallets support it. Besides, it's not yet suitable for big transactions.
I'm not trying to discourage you from adding it to your store but I don't expect you'll receive many payment through it.
If your concern is bitcoin high transaction fees, then you could think of accepting other currencies with low transaction fees such as LTC.

jinneas

member

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Quote from: Bttzed03 on July 22, 2021, 09:22:03 PM

The Lightning Network FAQ https://bitcointalksearch.org/topic/the-lightning-network-faq-5158920

Thank you for your answer, I have read part of the post and it is very helpful for me to understand the use of Lightning Network.

Robinson66

member

Activity: 140

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About its sidecar channel blog:
https://lightning.engineering/posts/2021-05-26-sidecar-channels/
This is a flash battery, you can find out;
https://lightning.engineering/pool/#more
The link to the project is also there.

JillianTaft

member

Activity: 135

Merit: 16

Below are answers to frequently asked questions about the Lightning Network. I think it is of great help to me, hope it can also help you. This is a great post.

https://bitcointalksearch.org/topic/the-lightning-network-faq-5158920

SquirrelJulietGarden

hero member

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Lightning information
Lightning Network -- Basics (documents, data pages, files, plots)
Lightning Network Observer
Eclair on mobile and you can use Lightning network for your purchase on Foldapp.com

mk4

legendary

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Paldo.io 🤖

BTCPayServer, I guess one of the most reputable BTC payments processors, also has Lightning.

https://docs.btcpayserver.org/
https://docs.btcpayserver.org/LightningNetwork/

Bttzed03

legendary

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https://bitcoincleanup.com/

The Lightning Network FAQ https://bitcointalksearch.org/topic/the-lightning-network-faq-5158920

jinneas

member

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I used to have an e-wallet and I knew how to accept Bitcoin payments. But I recently learned that using the Lightning Network can also be used for payments, and it also has the advantages of low fees and fast payments.
I have a store and I want to use the Lightning Network to recive money. How should I do this?

Topic: How to recive money with Lightning Network (Read 203 times)