Shopify Merchants Can Now Accept Lightning Network Payments

Shopify has upgraded its cryptocurrency integration and now it runs on Lightning. In collaboration with OpenNode Shopify brought cheap and lightning-fast payments to the platform.

The e-commerce platform now features a Bitcoin mainnet and Lightning Network plug-in for its more than 500,000 merchants.

In the words of OpenNode’s creators, the platform is “an easy to use eCommerce and retail plug-in solution, payment infrastructure API’s for developers, and the fastest payment processor limits to allow for brand new payment models and instantaneous settlements.”

OpenNode CEO Afnan Rahman also told Bitcoin Magazine that other payment processors have failed to provide a smooth experience for both the customers and the businesses using them. OpenNode intends to improve the overall experience. The team aims to accelerate Lightning adoption and — through a recent partnership with the Blockchain Education Network — to foster crypto-related education and development. They hope that Bitcoin will be fully integrated into mainstream networks as a valid payment option.

The first challenge that bitcoin faces is one of scaling, and it has been addressed by the Lightning Network.

Another one is volatility of cryptocurrencies. In this regard, OpenNode lets merchants to alleviate bitcoin’s volatility by converting funds to fiat at point of sale. This works for USD, GBP, EUR, AUD, MXN, and BRL.

If you’re a Shopify merchant, integrating Bitcoin as a payment option through OpenNode is simple, all one needs to do is install OpenNode as a Shopify extension. The extension is free and the startup charges no setup or recurring fees. In addition to that, users can enjoy free Lightning Network and scheduled withdrawals.

Shopify is the latest among platforms that have integrated Bitcoin payments through the Lightning. Previously, Amazon, Uber, and Starbucks customers got an opportunity to make Lightning payments through Fold app.

 

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