{"id":20810,"date":"2018-12-05T19:48:13","date_gmt":"2018-12-05T19:48:13","guid":{"rendered":"http:\/\/ci027cfe79f0042697"},"modified":"2025-01-28T16:10:02","modified_gmt":"2025-01-28T16:10:02","slug":"bitfury-implementing-lightning-crypto-payment-platform-paytomat","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/technical\/bitfury-implementing-lightning-crypto-payment-platform-paytomat","title":{"rendered":"Bitfury Is Implementing Lightning Into Crypto Payment Platform Paytomat"},"content":{"rendered":"
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The Bitfury Group has recently announced a partnership with crypto payment processing system Paytomat<\/a>, working to bring the Lightning Network to Paytomat\u2019s participating merchants.<\/p>\n

According to a recent Medium post<\/a> made by LightningPeach, \u201cBitfury\u2019s in-house specialized Lightning Network engineering team,\u201d the Bitfury Group is pouring its resources into Paytomat\u2019s wallet and vendor system, enabling \u201cusers and merchants on the Paytomat system to send and receive bitcoin payments over the Lightning Network almost instantly.\u201d <\/p>\n

\u201cBoth Bitfury and Paytomat participated in the Blockchain Expo in Amsterdam in June, and, after meeting, we began discussing our potential partnership opportunities,\u201d Pavel Prikhodko, the head of LightningPeach, told Bitcoin Magazine<\/em>. <\/p>\n

The partnership between the two companies seems like a natural fit. Bitfury specializes in building blockchain hardware and tools (such as mining chips<\/a>), and Paytomat has a large base of customers and merchants already lined up. <\/p>\n

Per the partnership, Bitfury will be incorporating Lightning directly into Paytomat\u2019s platform. As Prikhodko described it, \u201cBitfury\u2019s LightningPeach team integrated Lightning Network in Paytomat. Bitcoin Lightning payments are now built in to Paytomat\u2019s merchant dashboard, allowing users to make instant and low-fee payments in Bitcoin.\u201d <\/p>\n

The Lightning Network has generated a great deal of fame<\/a> in the cryptocurrency space for its promise of instant and feeless microtransactions, but, as with many promising technologies, adoption can become a major hurdle. Prikhodko seems fully confident, though, in Paytomat\u2019s ability to give Lightning and bitcoin sufficient exposure to its network of merchants.<\/p>\n

\u201cYou can find a list of merchants that are already working with Paytomat in their partnership section. Bitcoin Lightning payments on Paytomat will be made available to more than 300 merchants around the world.\u201d<\/p>\n

On the aforementioned partnership section of Paytomat\u2019s website<\/a>, the company lists a wide range of vendors across Europe from the Iberian Peninsula to the Lower Countries and even as far as Ukraine. In addition to the wide geographic range of vendors, Prikhodko also said there is a diversity of these vendors themselves, stating that \u201cPaytomat works with many kinds of merchants, including restaurants\/cafes and clinics.\u201d <\/p>\n

With this partnership introducing the Lightning Network to a hitherto unexposed audience, it could open up the payment solution to an entirely new user base and provide a use-case with real worldwide leverage. To date, Lightning\u2019s main implementations and use cases have been limited to web activity and online merchants<\/a>, though the network has grown significantly<\/a> in the latter half of 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bitfury Group has recently announced a partnership with crypto payment processing system Paytomat, working to bring the Lightning Network to Paytomat\u2019s participating merchants.<\/p>\n","protected":false},"author":2545,"featured_media":17216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[2539,460,477],"class_list":{"0":"post-20810","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technical","8":"tag-bitfury","9":"tag-lightning-network","10":"tag-payments"},"author_data":{"id":2545,"name":"Landon Manning","nicename":"landon-manning","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/img_2749-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/bitfury-is-implementing-lightning-into-crypto-payment-platform-paytomat.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2545"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20810"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/17216"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}