BTC Wallets Take One Small Step For Lightning, One Giant Leap for Bitcoin
New user-friendly Bitcoin Lightning wallets such as Bluewallet are ushering in the future of payments. Users can now send and receive Bitcoin Lightning payments right to/from your mobile device, the ramifications of which could be revolutionary for the future of online payments.
Bitcoin Lightning Wallets Are Setting the Bar
Following the first review of Bluewallet by Bitcoinist less than a week ago, the wallet app now supports generating invoices and thus, receiving Lightning Network (LN) payments right to your mobile device.
Meanwhile, Wallet of Satoshi is another recently-launched mum-friendly mobile app targeted at the Australian market that already supports similar functionality. There are a few more newly-released LN wallets making waves, though Bluewallet and Wallet of Satoshi are the easiest to get started with due to their simplicity.
Australians can use Wallet of Satoshi to send BTC via Lightning Network to pay bills and buy products at participating merchants in Australia, which includes Brisbane Airport and online services such as Tippin.
Together, these two grandma-friendly wallets are making it easy to send and receive payments. Whats more is that these transactions can be as small as a fraction of a cent, the implications of which can be nothing less of revolutionary. Heres why…
Founded in 2013, it enabled Bitcoin users to send micropayments across various social media websites. Unfortunately, the service apparently wasnt economically viable. Friction due to on-chain transaction fees and confirmation wait times made the user-experience rather inconvenient, particularly for sending small amounts.
Ultimately, the service was shut down in 2016 after it was acquired by Airbnb.
But now, the aforementioned wallets may be able to resurrect this concept as transactions are now instant at almost zero-cost with LN payments.
Tippin is one such promising application for online micro-payments similar to ChangeTip but harnessing LN payments for a better experience. Meanwhile, another similar service is already being used on Reddit. The LN tipbot lets anyone tip on the platform using text commands.
Admittedly, the function is still in its infancy but the arrival of bidirectional and easy-to-use Bitcoin LN wallets now lets you collect these tips right to your mobile device in seconds.
For example, receiving a tip will look something like this:
Ten thousand satoshis equal to about 40 cents. So if youd like to receive these funds to your Bluewallet, for example, simply click withdraw to take you to the next screen:
Replace the put_invoice_here with your invoice number that you can generate in your Lightning wallet by clicking Receive. Specify the amount ...Read full story on Bitcoinist.com