Moon has good news for Bitcoin spending Amazon fans
It is now possible to use the Lightning Network to buy items at e-commerce sites like Amazon.
Crypto payment processing startup Moon has announced that any Lightning-enabled wallet can be used through its browser extension. Prior to this, a small group of beta users used Moon to spend crypto on e-commerce sites by connecting the browser extension to exchange accounts like Coinbase.
“[The extension] will pop up a QR code and it will have the Lightning invoice, which you could also copy and paste if you can’t use the QR code for some reason, and you’ll be able to pay with your favourite Lightning wallet,” Moon CEO Ken Kruger told CoinDesk
This functionality is currently being reviewed by the Chrome Web Store and is set to launch on Wednesday.
Further details here.
Earlier this year, Kruger told RTIH: “I do believe crypto will be adopted by retailers. There are obvious benefits to both parties: merchants who accept crypto pay lower fees and have no risks of chargebacks, while consumers benefit from more control over their funds.”
Reaching the promised land won’t be easy, however, as there are numerous barriers to be overcome. “Many of the critics are not familiar with either the technology or the real problems crypto solves, such as issues of privacy, censorship, and lack of access to financial services. Perhaps not all of these problems will be solved by crypto in its current form, but technology evolves. The power of crypto is revolutionary. Just give it time,” Kruger said.