"Bitrefill", the No. 1 lightning network application, can buy gift cards and pay phone bills
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2019-05-13 09:36
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The application of Lightning Network is already quite rich.

Produced by Odaily

Produced by Odaily

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The Lightning Network is growing at an incredible rate.1ML A while ago, an activity called "Lightning Torch" made the Lightning Network more familiar to the market. According to Lightning Network Data Website

Lightning network companies previously reported by Odaily include BlocktreamandTippin.meandBitrefill. Recently, we noticed

For several months, it has been ranked first in the store and service of the 1ML website Lightning Network, let's find out together.Bitrefill atend of 2017

, announced the first real transaction test using the Lightning Network, claiming that it enables fast recharge of mobile phones with almost zero fees, and officially announced in March 2018 that it accepts Lightning Network payments.

Not only mobile phone recharge, but in media reports, Bitrefill’s prefixes include digital currency mobile phone recharge companies, encrypted currency gift cards, and encrypted payment companies. It can be seen that Bitrefill’s main business model: recharge mobile phones, and sell gift cards through various websites Cooperation and payment function services. Gift cards you can imagine, such as Amazon, Apple Store, Google Store, Uber, Airbnb, etc., can all be paid with Bitrefill. According to the official website, it can buy gift cards or pay for mobile phones from more than 1,650 companies in 170 countries/regions. recharge.

However, each gift card has a corresponding applicable country and restrictions. For example, currently, Airbnb gift cards can only be redeemed by US residents with a US payment method. Additionally, Airbnb gift cards are only available for bookings of less than 28 nights, and customers can purchase them in US$25, US$50 and US$100 dollar denominations; Amazon gift cards are available in the US and Germany.

According to the official website, there are 12 types of gift cards available in China, among which the most popular gift cards are Hotels.com, Skype, Flightgiftcard, etc. In addition, it also supports recharge services for the three major mobile operators.

Click on the recharge section of Odaily, and the operation interface is relatively simple. Follow the prompts to complete the number and email address, select the payment method and scan the code to pay within 15 minutes. Payment methods include BTC, BTC Lightning Network, LTC, LTC Lightning Network, ETH, Dogecoin, and DASH, etc. Due to Bitrefill's recent activities, you will get a 2% discount for choosing BTC Lightning Network payment.After more than a year of experimenting with Lightning payments, the 12-person startup has allowed people to pay for phone and cable TV bills and use the web for a variety of other transactions, completing a total of3760 orders

, and there were 105 new orders in the first week of 2019 alone.

In addition, the company recently launched a new service to simplify the process of setting up payment channels on the Lightning Network. With this service, users can directly open the "Turbo channel" without waiting, and can pay with BTC, ETH, DASH, LTC, and DOGE.Bitrefill launched the Thor service in January 2019

. Thor is a pay-as-you-go Lightning channel service that allows users to receive payments regardless of whether they have bitcoins in their Lightning wallet.Bitrefill Chief Operating Officer John Carvalho said

, since the launch of Thor, the company has opened hundreds of Lightning Network channels for customers, and will soon break through thousands.

But according to the current situation, the original version of Thor needs about 6 confirmations to generate a usable new Lightning Network channel, which takes about 60 minutes. The newly launched Thor Turbo will speed up the process a lot, and the company claims that users can "instantly connect to the network and conveniently make payments anywhere in the world."

In addition to saving time, Thor Turbo users also have the option to pre-load channels and display available Bitcoin balances. For those without Bitcoin in their wallets, Thor Turbo can also convert other digital currencies into Bitcoin available on the Lightning Network. Currently supports swap between ETH, DASH, LTC and Dogecoin.

Carvalho concluded: “Our goal is to launch more Lightning Network-based services this year, allowing businesses to make money while supporting the infrastructure of the Bitcoin network.”

I am Odaily reporter Wu Suixin (WeChat ID wsuixin12), please note your name, unit, title and reason when adding friends.

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