It is now available to spend your Bitcoin on Amazon using the Lightning Network. A crypto payments processor Moon, recently announced that their browser extension now accepts any kind of lightning-enabled wallets.
Pay using your favorite wallet service
Moon has developed a browser extension which allows users to spend their crypto. Now they have implemented lightning network.
“[The Moon 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 the company’s CEO Ken Kruger.
However, before they launched lightning payments, they had about 250 users who has already used Moon to purchase items on e-commerce websites. They just need to connect the extension to exchange accounts, like Coinbase.
Amazon doesn’t receive Bitcoin
Moreover, Amazon never gets paid in Bitcoin. The cryptocurrency gets converted to fiat with the help of a unspecified financial institution, which Ken Kruger declined to reveal. Also, he added that he thinks that almost all e-commerce sites will accept Bitcoin by 2020. And that it shouldn’t matter whether the platform accepts Bitcoin or fiat.
The browser extension is available on Chrome, Brave, and Opera browsers. A Safari extension is coming soon, says on their website. Additionally, Moon allows payments made with multiple cryptocurrencies such as Litecoin, Ethereum, or Bitcoin Cash. Also, Amazon will not be the only e-commerce site which will eventually accept crypto payments. Moon explains that soon customers will be able to use Moon when shopping on AliExpress, Target, or even eBay.
Considering all this, the company’s CEO told that they will be seeking for a Series A funding in 2019 while continuing learning from the user behavior:
“There’s a lot of opportunities to help solve some of those usability problems and getting people onto the lightning network, increasing adoption in that way. We’re going to engage with other folks in the lightning community to see what people are doing, what they’re working on and if there are any significant gaps. We’d love to step in and help whenever possible.”
Image source: paywithmoon.com