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For best experience, be sure to accept Bitcoin with Lightning Network. I'm not sure about industry standard, but BTCPay Server[0] and OpenNode[1] seem to be the
by Geee 5y ago
For best experience, be sure to accept Bitcoin with Lightning Network. I'm not sure about industry standard, but BTCPay Server[0] and OpenNode[1] seem to be the most popular ones. BTCPay Server is open-source and self-hosted.
[0] https://btcpayserver.org https://btcpayserver.org
[1] https://www.opennode.com https://www.opennode.com
- anonymoushn 5y agoDoes this work? The only instances of people attempting to use LN I've witnessed ended in failure.
- tcoff91 5y agoEveryone using Bitcoin in El Salvador is using lightning network for the most part.
- anonymoushn 5y agoThrough Strike, right?
- typingmonkey 5y agoYes, most of them. I think the risk by using strike is much less and you do not have to be online to accept payments. Which is not a good sign for general LN adoption.
- Geee 5y agoThey can use any LN wallet to pay, but most people use the official government app which is called Chivo.
- NicoJuicy 5y agoAnd if you believe Bukele, they have more transactions than VISA ( 65 K / second)
- aardvark179 5y agoHmm the population of El Salvador is a bit over 6.5 million, which would mean an average of 1 transaction per 100 seconds per person. That seems unlikely.
- ampdat 5y agoMcDonalds is using OpenNode here in El Salvador: https://twitter.com/robertcurrie/status/1443055854056525831 https://twitter.com/robertcurrie/status/1443055854056525831
- arcticbull 5y agoThey definitely aren't. They're using Chivo which is a centralized custodial wallet solution. Transfers are just updates to their MySQL store - as they should be. Chivo only uses Strike's private LN nodes nobody else is allowed to peer with when facilitating an international transfer -- between two of Maller's own accounts. Chivo is not crypto. And that's what most folks there are being forced to use by the local dictator. It's centralized, trusted, censorable and entirely antithetical to the Satoshi white paper.
- doomroot 5y agoForbes is reporting[0] that they are using BitGo. FYI Salvadorians are not required to use chivo at all. The interoperability is the exciting part not chivo. [0] https://www.forbes.com/sites/jonathanponciano/2021/09/07/el-salvador-taps-billionaire-backed-bitcoin-unicorn-in-the-cryptocurrencys-historic-legal-tender-debut/?sh=daa79c54fac7 https://www.forbes.com/sites/jonathanponciano/2021/09/07/el-...
- arcticbull 5y agoBitGo being another centralized custodial wallet antithetical to the white paper? I mean, my dollars are interoperable with every bank in America and that really doesn't excite me. They're also interoperable with the banks in El Salvador since both use the USD.
- RustyRussell 5y agoLN dev here. That seems strange, though in the last 6 years we have improved in all fronts. It's been a while since I've had a payment outright fail, TBH.
- ajkdhcb2 5y agoI used BlueWallet a few weeks ago and kept hitting routing errors. I had to mess around with it for more than a day and transfer between several different wallets before finally escaped with my funds, so not very keen to try again
- Geee 5y agoYes, it works. Try Breez wallet for example https://breez.technology https://breez.technology and spend on https://yalls.org https://yalls.org
- spottybanana 5y agoI have been using LN quite a lot for casual payments in the last years. There have been a lot of small hiccups but recently it have been working very fluently for me.
- xur17 5y agoI've been using it for years - early on I ran into some routing issues for larger payments, but within the past year, it's gotten boring and mostly just "works".
- ignoramous 5y agoAnd if you do not want to spin up a server but simply use defi (wallet to wallet), then https://gilded.finance/ https://gilded.finance/ comes in pretty nifty.