Paytomat Incorporates Lightning Network into its Services Thanks to Collaboration with Bitfury

Bitfury Group, one of the leading blockchain companies, has announced a partnership with the Paytomat payment processing system to introduce the Lightning Network payment protocol into the Paytomat services.

The Bitfury development team, known as Lightning Peach, will be directly involved in the technical work. The result of their work should be the ability to make Bitcoin payments almost instantly. In fact, two main factors interfere with the widespread use of cryptocurrency: high volatility and the problem of scalability. Due to these problems, this year is characterized by a reduction in the use of Bitcoin for payments.

Nevertheless, Pavel Prikhodko, head of Lightning Peach, is confident that their work will be a step towards accepting Bitcoin as a means of payment:

“The launch of the Lightning Network allows consumers around the world to use cryptocurrencies to make everyday purchases.”

The founder and CEO of Paytomat, Yuri Olentir, agrees with Prikhodko:

“Businesses are willing to accept Bitcoin as a payment method, and crypto-enthusiast are willing to pay using it. We’ll give an opportunity to do it both of them. But with the Bitfury partnership and implementing of the Lightning Network to our ecosystem, this opportunity become really quick and efficient.”

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