Bitcoin Startup Brings Lightning Network Payments to Amazon, Whole Foods

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United States-based payments startup Fold has made Lightning Network (LN) payments possible at Amazon, Starbucks, Uber and other big name retailers. The news was revealed in an official blog post published on July 10.As previously reported, the Bitcoin (BTC) Lightning Network is a second-layer solution to bitcoin’s scalability limitations, opening payment channels between users that keep the majority of transactions off-chain, turning to the underlying blockchain only to record the net results.In its announcement, Fold reveals that participating selected retailers will settle users’ LN payments — denominated in satoshis, or one hundred millionth of one Bitcoin — via their prepaid access programs in a currency of their choice. LN payments are thus processed via the Fold site, where users can select a retailer and pay the relevant invoice using their Lightning wallet. Once paid, this provides them with a gift card — at a maximum value of $25 — that is…

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