- CoinCorner has launched The Bolt Card, an NFC-enabled Lightning card.
- Similar to a Visa, customers would simply faucet their card on a Lightning-enabled POS to spend bitcoin.
- CoinCorner and BTCPay Server gateways are supported with a number of distributors and extra to come.
CoinCorner, a frontrunner in bitcoin and Lightning Network companies, has introduced The Bolt Card – a contactless, near-field-communication (NFC) card powered by Lightning – by way of a press launch despatched to Bitcoin Magazine.
The Bolt Card permits customers to merely faucet any Lightning-enabled point-of-sale (POS) creating an virtually instantaneous transaction processed by the Lightning Network in seconds. The legacy fee infrastructure system performs no function in any of the processing. The course of is comparable to the faucet perform of a Visa or Mastercard, with out the settlement delays, processing charges, or centralized entities.
“Making in-person payments with Bitcoin and Lightning is still not as efficient and user-friendly as we need it to be for the mass audience. It still involves unlocking a phone, opening an app, scanning a QR code and then making the transaction,” mentioned CoinCorner CEO, Danny Scott.
“This is a backwards step when it comes to user experience in comparison to what we’re used to today for in-person payments,” Scott continued.
At launch, The Bolt Card is suitable with Lightning and LNURL protocols whereas supporting CoinCorner and BTCPay Server gateways and can quickly be suitable with IBEX Mercado, LNBits, and QuickBitcoins.
“Innovation to drive Bitcoin adoption is what we do at CoinCorner. We’re building real products for the real world and yes, we mean the world – all 7.7 billion of us,” Scott defined. “We have more big plans ahead, so keep watching throughout 2022, the beginning of the future is here – bring on hyperbitcoinization!”