It is no longer news that one of the challenges facing Bitcoin adoption is the fact that many online platforms do not accept it as a payment option. However, it is news that crypto payment startup, Moon has finally found a way to allow shoppers to pay with cryptocurrency on their favorite online stores.
The solution is the Moon extension which lets users connect their Bitcoin wallets on exchanges like Coinbase and thus pay for purchases using their crypto balances. The extension supports crypto payments using Litecoin, Ether and Bitcoin Cash and has amassed 250+ users since launch.
But the Moon extension which lets you shop on Amazon and other eCommerce sites with crypto just got better.
According to an announcement today, Moon is introducing support of Lightning payments which allows the completion of Bitcoin transactions in a few seconds and for incredibly low fees. Explaining how the new lightning network payment integration works, Moon’s CEO, Ken Kruger told Coindesk,
“[The extension] will pop up a QR code and it will have the lightning invoice, which you could also copy and paste if you can’t use the QR code for some reason, and you’ll be able to pay with your favorite lightning wallet.”
Since Amazon doesn’t accept Bitcoin yet, it is only apparent that Moon uses another company to process the funds which are then remitted to eCommerce merchants in fiat currency. Moon’s quest to allow Lightning network users to shop with Bitcoin is now reportedly being reviewed by the Chrome Web Store and should be up and running when it secures approval soon.
Upon approval, users will be able to connect their Bitcoin lightning wallets to Moon’s node and then pay online with Bitcoin in seconds, marking another significant step in the journey to promoting Bitcoin adoption by the mainstream.
In a similar development last month, we reported that the first Bitcoin lightning ATM was launched on the same day that the off-chain network processed 1050BTC transactions.
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