Bitfury Brings Lightning Payments to US Payment Gateway HadePay

March 15, 2019
39 Views

HadePay now features Bitfury’s Lightning Peach API, allowing merchants to accept Lightning Network transactions.

Bitcoin (BTC) mining and development company Bitfury has entered into a partnership with United States payments processor startup HadePay to allow its merchants to accept Lightning Network (LN) transactions. The news was announced in a blog post from Bitfury’s on March 14.

HadePay implemented Bitfury’s Lightning Peach API to facilitate LN payments, which are significantly faster and cheaper than conventional Bitcoin transactions.

The startup worked with Bitfury’s Lightning Peach team, a dedicated spin-off group of engineers focused on Lightning Network promotion.

As a payments gateway, HadePay already lets clients accept crypto and fiat currencies as well as payments via various services, such as PayPal and Square.

“HadePay’s wide network will now be able to accept bitcoin knowing that the transaction will go through almost immediately,” Lightning Peach head Pavel Prikhodko commented in the blog post, adding:

“The Lightning Network is an essential tool for efficient cryptocurrency payments, and we’re thrilled to be bringing it that much closer to worldwide adoption.”

The move marks the latest push for the LN courtesy of Bitfury, the company having brought the same feature to its first exchange partner, Poland’s BTCBIT, in January.

As Cointelegraph reported, the technology is seeing heightened publicity in 2019, mostly due to the ongoing Lightning Torch transaction relay experiment.  

Passed between network participants, the Torch has seen ownership from figures including Twitter CEO Jack Dorsey, who subsequently pledged to implement LN payments on both Twitter and payments platform Square.

You may be interested

Japan to Tighten Rules on Cryptocurrency Margin Trading
Crypto News
12 views
Crypto News
12 views

Japan to Tighten Rules on Cryptocurrency Margin Trading

btcethereumadmin - March 19, 2019

Japan is putting in place new, stricter rules for cryptocurrency margin trading from next year. According to a report from…

Galaxy Digital Backs $5.25 Million Round for Blockchain Staking Startup
Crypto News
12 views
Crypto News
12 views

Galaxy Digital Backs $5.25 Million Round for Blockchain Staking Startup

btcethereumadmin - March 19, 2019

Blockchain staking startup Bison Trails has raised $5.25 million in a series seed funding round backed by Mike Novogratz’s Galaxy…

Bitmain’s Latest Zcash Miner Claimed to Have Tripled Hashing Power
Crypto News
10 views
Crypto News
10 views

Bitmain’s Latest Zcash Miner Claimed to Have Tripled Hashing Power

btcethereumadmin - March 19, 2019

Cryptocurrency mining giant Bitmain has launched a new miner for the privacy-oriented cryptocurrency zcash, which it claims, has three times…

Leave a Comment

Your email address will not be published.