BitcoinPOS supports Bitcoin Lightning Network
We are proud to announce that our BitcoinPOS Cash Register System now brings a revolutionary option for those who want to stay ahead of the competition. BitcoinPOS now supports payments via the Bitcoin Lightning Network, opening the door to easier and faster payments.
Payments via Bitcoin Lightning Network (LN) in the cash register system bring several advantages:
- LN enables fast transactions that are confirmed almost instantly, increasing payment efficiency and customer satisfaction.
- Thanks to low fees for LN transactions, payments are cheaper than traditional bank transfers or payment cards, which is especially beneficial for small businesses with limited financial resources.
- Integrating LN into the cash register system allows you to accept payments in BTC, which can attract new customers and improve the competitiveness of your business within the digital ecosystem.
- LN brings speed, efficiency, and lower costs, which are key factors for modern cash register systems and the businesses that use them.
How do payments work?
We have long searched for the ideal way to integrate LN payments into the cash register system. In the end, we decided to cooperate with the Czech LN node operator, Hydranode, which best met our integration requirements and respects user privacy.
The merchant does not have to deal with complicated technical matters, but simply registers a Hydranode account directly in the cash register system and can immediately start accepting Bitcoin.
The merchant can withdraw funds at any time by simply issuing an LN invoice and verifying via Signal. You can transfer your sales to your own wallet several times a day, without additional fees.
Operating fees
Reliable operation of secure LN nodes costs considerable money, so a 2% fee is charged for each transaction. However, unlike payment cards, this fee is paid directly by the customer, so the merchant has no operating costs.
