Bitcoin News reports on how Lightning Network integration in Lolly Point of Sale machines is changing UK retail Bitcoin transactions.
With the incorporation of Lightning Network payments into all Lolly Point of Sale (POS) terminals, Bitcoin’s progress toward wide-scale acceptance has advanced significantly in the United Kingdom (UK). According to Bitcoin News, this breakthrough broadens the use and usability of cryptocurrencies in the nation by putting quicker and more effective transactions at the forefront of retail transactions.
UK moves its cryptocurrency integration one step further by adding support for Bitcoin Lighting Network on Lolly POS
A strategic alliance between CoinCorner, a major participant in the Bitcoin and Lightning Network arena, and Lolly, a software company in the hotel business, allowed for the addition of Bitcoin Lightning functionality to Lolly’s PoS terminals.
By seamlessly integrating Bitcoin Lightning payments into the current payment infrastructure, this partnership seeks to transform the way payments are processed inside the industry.
As a result, customers can now use Bitcoin in addition to more conventional payment methods like cash and credit cards on the LollyPoS network to purchase food and beverages.
The integration of Bitcoin payments has been cleverly incorporated into the user experience. Customers can now choose the CoinCorner payment option after choosing their payment method at the POS terminal.
This option turns on the QR code display on the terminal’s back display.
The Bitcoin Lightning Network, a layer 2 solution created to speed up Bitcoin transactions while preserving cost effectiveness, is the payment gateway used by this QR code.
CoinCorner and Lolly are working together to integrate Bitcoin into payment systems.
CoinCorner’s CEO, Danny Scott, showed enthusiasm for the collaboration by saying:
“We are excited to partner with Lolly to bring Bitcoin payments to more businesses. Having both Bitcoin and traditional payments in one integrated POS is a much better experience for both businesses and customers – it’s long overdue.”
The relationship is forward-looking, according to Lolly CEO Peter Moore. He declared:
We are always looking ahead and are excited to debut Bitcoin payments in our industry. Because of the lightning-fast speed of transactions and the fact that hospitality providers see transactions in sterling, these types of payments pose no risk to them, so it’s a win-win for everyone.
It is great to work with CoinCorner, a trusted brand in this industry. We share their vision that this represents the future of payments. We look forward to supporting our customers to participate in this process.
This significant development paves the way for a wider acceptance of cryptocurrencies in everyday transactions, not simply for the integration of Bitcoin payments into the hotel sector.
The partnership between CoinCorner and Lolly represents a significant advancement in Bitcoin’s quest to become a widely used payment method.
Bitcoin payment is a contemporary method that combines innovation with inclusivity
The two businesses are establishing an example of innovation and inclusion in payment solutions by effortlessly integrating Bitcoin alongside traditional payment methods, which reflects the shifting tastes of contemporary consumers.
In addition to being a technological development, the adoption of Bitcoin Lightning payments into Lolly POS terminals marks a turning point in the evolution of finance and trade.
One POS terminal at a time, Bitcoin is integrating into traditional banking systems, and it is becoming more and more obvious that this is not just a trend but a fundamental shift that will revolutionize how we interact and think about money.
The collaboration between CoinCorner and Lolly is a sign of development, pointing the way to a day when using a credit card to pay for things would be just as common as using a cryptocurrency.