American rapper Lil Pump has started accepting bitcoin payments through his merchandise store Unhappy, according to his website.
Fans of the 18-year-old, known for his catchphrase "Esskeetit" and his most recent album Harverd Dropout, can select crypto as a payment option at the checkout.
The rapper has 17.8 million followers on Instagram, 1.2 million followers on Twitter and 2.3 million likes on Facebook.
Shoppers can either choose to pay off-chain using a BTC Lightning Network wallet or on-chain through a standard bitcoin wallet.
The checkout platform is secured by OpenNode, which automatically converts BTC generated from transactions into the merchant's local fiat currency to avoid volatility.
The payment processing company's website says the Lightning protocol delivers instant settlements and low fees for businesses.
This week, Lightning Labs announced the launch of their Lightning Network client for the main Bitcoin network, noting that it was still an early version aimed at developers.
More merchants have been starting to accept bitcoin in recent months, with many using payment companies that instantly convert cryptocurrencies into fiat.
On April 15, the UK's biggest travel management firm announced that it is now giving its clients the option to pay for business bookings using BTC. Corporate Traveller, which is using BitPay to offer the service, said the move was in response to increasing demand.
Overstock.com, an online retail site, has been accepting bitcoin as payment since 2014.
US Rapper Lil Pump Starts Accepting Bitcoin via Lightning Network on Merchandise Store
gepubliceerd op Apr 25, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.