coinatoms.com

Bitfury’s Coffee Machine Accepts Bitcoin Via Lightning Network

Coffee Machine
Share on facebook
Facebook
Share on pinterest
Pinterest
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

Blockchain firm Bitfury has come up with a novel product aimed at making it easier to pay for products with bitcoin. A specialized engineering team within the company has developed a coffee vending machine capable of connecting to the Lightning Network, a second-layer transaction protocol designed to make bitcoin more scalable by processing transactions off the main bitcoin blockchain.

As a result, the vending machine can accept bitcoin payments without charging high fees or requiring long transaction times, according to a press release. LightningPeach, the team behind the new vending machine, added a device capable of joining the network to a coffee machine that already sported some built-in smart components. The device is composed of a small Raspberry Pi computer and a unique circuit board designed by the team to process transactions.

Vasyl Grygorovych, LightningPeach’s head of community, told CoinDesk that the team’s strategic goal is to develop a real-world infrastructure for faster bitcoin payments.

“With a small computer and a chip, which is assembled by us or is easy to reproduce … it is much easier to pay with cryptocurrencies than with credit cards, because you don’t need your credit cards at all, you just need your mobile device,” he said.