Lightning Network Used For Real-Life Goods Purchase

Reddit user bought TopGuard router for cryptocurrency, with transaction performed in Lightning Network
22 January 2018   1125

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.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   125

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 
 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.