Microsoft resumes Bitcoin payments acceptance

IT giant had already "banned" Bitcoin payments for three times
10 January 2018   610

Microsoft accepts bitcoin as payment for its products again after a temporary suspension of the service caused by the "instability" of the cryptocurrency. This is reported by News Com Au.

Microsoft allows its customers to replenish accounts on its platform with bitcoins from 2014 onwards. During this time the company suspended the reception of crypto currency three times: in 2015, 2016 and last week.

The last episode was connected with "the instability of bitcoin as a currency," Microsoft explained.

In a conversation with on this Wednesday, a company representative confirmed the fact of the suspension of reception of payments in bitcoins.

We’ve restored bitcoin as a payment option in our store after working with our provider to ensure lower bitcoin amounts would be redeemable by customers. The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.
 

Microsoft spokeswoman

At the moment, the service is working in the standard mode, she added.

ACINQ to Release Lightning API For Bitcoin Mainnet

Strike is API for easy acception of Lightning network payments
25 May 2018   33

Developers from ACINQ presented a version of Strike API for Lightning-payments in the main bitcoin network.

Strike is an API for easy acception of Lightning payments. From a technical point of view, the service works as follows: ACINQ receives and aggregates incoming payments, and then periodically sends transactions to the recipient's wallet. In other words, companies can offer their clients instant and low-cost payments, receiving funds through the usual cash transaction.

We take a 1% fee on payments, and that’s it. Automated payouts to your Bitcoin wallet are free of charge, because we batch them among merchants. The threshold for automated withdrawals can be set between 0.1–1 BTC.
 

ACINQ

Also, users can make a payment to the wallet manually, however in this case you will have to pay a commission of 0.5 mBTC.

According to ACINQ representatives, although using Strike and assuming the need to trust a third party, the level of risk is minimal, since the service sends an onchain-transaction every time the total amount of payments reaches a user-adjustable threshold.

The developers noted that the Strike integration with the WooCommerce plugin is currently underway. In addition, ACINQ is considering the possibility of partnership with the Canadian Internet company Shopify, which specializes in developing software for online and retail stores. The company serves 500,000 trading companies with a combined turnover of $ 45 billion.