It is the crypto payment processing company Moon that today announces that anyone who has a bitcoin wallet connected to the lightning network now can use the company’s browser extension.
This means that people now can spend bitcoin via lightning network on e-commerce sites such as Amazon.
“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 favorite lightning wallet”, says Moon CEO Ken Kruger to Coindesk.
Amazon never touches bitcoin
Lightning network is a system based on the bitcoin’s blockchain, but where transactions are not reported directly on the main chain. Transactions on the lightning network are therefore both faster and cheaper.
Exactly which traditional financial player that helps convert bitcoin to fiat money in the background for Moon, so that Amazon actually gets paid, Kruger does not want to reveal. Clearly, however, Amazon itself never touches bitcoin. Instead, this is managed via Moon.
According to Kruger, this lightning network-based service should work on most e-commerce sites by 2020, Coindesk reports.
Previously, there have been reports that Amazon has been close to accepting cryptocurrencies as payment. Read more about that here.
