Lightning Network Used For Real-Life Goods Purchase

Reddit user bought TopGuard router for cryptocurrency, with transaction performed in Lightning Network
22 January 2018   746

TopGuard reported that the user Reddit under the name btc_throwaway1337 bought a VPN-router from TorGuard using bitcoin-transaction in the main network of Lightning Network (LN).

I’m just your average BTC enthuasiast, who had a bit of extra time last weekend. I saw TorGuard’s tweet, so I decided to contact them. I enquired as to purchasing more than just a monthly subscription, their staff gave me LN peering information, I opened a channel, received an invoice, and here we are!

It was all quick, easy, painless, and most importantly: instantaneous and fee-free!
 

btc_throwaway1337

Also the Reddit user noted that it was quite easy to open the LN payment channel and it cost him $ 2.40. 

It is also worth noting that TopGuard "is not production ready."

Lightning Network, a technology for scaling blockchain of bitcoin, allows you to create and maintain a network of payment channels connecting users, and record data about transferring funds to the block system only after all calculations have been completed.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.