{"id":448832,"date":"2022-05-18T12:08:48","date_gmt":"2022-05-18T09:08:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/the-lightning-network-lunch-a-bitcoin-contactless-payment-story\/"},"modified":"2022-05-18T12:08:48","modified_gmt":"2022-05-18T09:08:48","slug":"the-lightning-network-lunch-a-bitcoin-contactless-payment-story","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/the-lightning-network-lunch-a-bitcoin-contactless-payment-story\/","title":{"rendered":"# The Lightning Network Lunch: A Bitcoin contactless payment story"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2325b24616b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2325b24616b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/the-lightning-network-lunch-a-bitcoin-contactless-payment-story\/#%E2%80%9D_The_Lightning_Network_Lunch_A_Bitcoin_contactless_payment_story_%E2%80%9C\" >&#8221; The Lightning Network Lunch: A Bitcoin contactless payment story  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_The_Lightning_Network_Lunch_A_Bitcoin_contactless_payment_story_%E2%80%9C\"><\/span>&#8221; The Lightning Network Lunch: A Bitcoin contactless payment story  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The Lightning Network (LN) just got a bit faster, as the suitably named Bolt Card now enables Bitcoin (BTC) enthusiasts to pay for goods and services using contactless <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.\u00a0<\/p>\n<p>A data analyst at the company behind the card, CoinCorner, took the Bolt card on a trial run on the Isle of Man, a British Crown dependency in the Irish Sea. \u201cMSW\u201d \u2014 as he is known \u2014 t<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed to pay at more eight point-of-sale (PoS) devices during his lunchtime investigation. <\/p>\n<p>It worked like this: for any PoS device showing a Lightning invoice, MSW simply hovered the NFC enabled Bolt Card nearby. In\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CoinCornerMSW\/status\/1523642533942677504\">total<\/a>, MSW\u00a020 paid for 20 breakfasts, lunches, drinks and snacks using the LN prior to the Bolt Card&#8217;s release:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u26a1\ufe0f<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/LightningLunch?src=hash&amp;ref_src=twsrc%5Etfw\">#LightningLunch<\/a> &#8211; Day 16\u26a1\ufe0f<\/p>\n<p>Prawn noodles, mango lassi <br \/>Street Kitchen<\/p>\n<p>Price: 44,634 \u4e30 (\u00a311.50) <br \/>Notes: Magnificent as always, but pretty spicy <br \/>Pro-tip: Take your lunch break early to save sats ! <\/p>\n<p>Total spent: 413,107  \u4e30 \/ \u00a3123.30<br \/>Current value: \u00a3110.06 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/EA8Dgx6qoI\">pic.twitter.com\/EA8Dgx6qoI<\/a><\/p>\n<p>\u2014 CoinCornerMSW (@CoinCornerMSW) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CoinCornerMSW\/status\/1523642533942677504?ref_src=twsrc%5Etfw\">May 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nMSW told Cointelegraph that using the Bolt Card \u201cfelt completely natural and worked just as you would expect!\u201d<\/p>\n<blockquote><p>\u201cFor me, it is a huge step up in terms of user experience when compared to scanning QR codes. A bonus for me was getting to know some of the local businesses around the Isle of Man and watching how they have embraced the Bolt Card.\u201d<\/p><\/blockquote>\n<p>A data analyst to the core, MSW also documented the comparative cost of parting with Satoshis, (the smallest denomination of a Bitcoin), versus paying for refreshments with pounds sterling, the Isle of Man\u2019s currency. In light of the recent bear market price action, the pound value is marginally higher.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/b1dbcbf7-6e8f-4d5e-8777-27f1acd3b3ce.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>MSW&#8217;s graph of his Lightning Lunches. The value of Sats spent (blue) is higher than pounds spent (yellow). Source: <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>A layer two technology built on Bitcoin, the LN is ideal for instant payments and micropayments. However, prior to the Bolt Card, shoppers from El Salvador\u00a0to the Isle of Man would pay over the LN by scanning a QR code. <\/p>\n<p>For Danny Scott, CEO of CoinCorner, this is \u201cnot as efficient and user-friendly as we need it to be for a mass audience.\u201d Payment with QR codes is lengthy and awkward:<\/p>\n<blockquote><p>\u201cIt still involves unlocking a phone, opening an app, scanning a QR code and then making the transaction. This is a backwards step when it comes to user experience in comparison to what we&#8217;re used to today for in-person payments.\u201d<\/p><\/blockquote>\n<p>In true Bitcoiner style, the Bolt Card is interoperable with industry protocols including Lightning and LNURL. Scott emphasizes that they \u201cwill explore other concepts around how to make The Bolt Card, and the user experience for all Lightning use cases, better.\u201d<\/p>\n<p>In all, the Lightning Network continues to grow, from large payment integrations such as Cash App down to grassroots movements and individuals making micropayments. <\/p>\n<p><strong><em>Related:\u00a0Rising global adoption positions crypto perfectly for use in retail<\/em><\/strong><\/p>\n<p>The Bolt Card is another Bitcoin payment innovation, \u201creal products for the real world,\u201d says Scott.\u00a0Ultimately, it furthers the path toward \u201chyperbitcoinization.\u201d <\/p>\n<p>The progress in payments flies in the face of FTX CEO Sam Bankman-Fried&#8217;s recent comments, who got into hot water for suggesting he sees \u201cno future\u201d in Bitcoin payments.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/the-lightning-network-lunch-a-bitcoin-contactless-payment-story\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; The Lightning Network Lunch: A Bitcoin contactless payment story &#8220; The Lightning Network (LN) just got a bit faster, as the suitably named Bolt Card now enables Bitcoin (BTC) enthusiasts to pay for goods and services using contactless technology.\u00a0 A data analyst at the company behind the card, CoinCorner, took the Bolt card on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":448833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvODkyYWQzNGItOWNmZS00ODQyLWE3NzAtOTFlYzJmZTBiM2I1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,76276,129346,129345,75029,82450,86970,74355,117,87110,70934,4966],"class_list":["post-448832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-payments","tag-contactless-cards","tag-isle-of-man","tag-lightning-network","tag-micropayments","tag-nfc","tag-adoption","tag-business","tag-lightning","tag-regulation","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/448832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=448832"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/448832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/448833"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=448832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=448832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=448832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}