Slovenia’s BTC City to become a ‘Genuine Bitcoin City’

The largest shopping area in Slovenia is to become a “genuine Bitcoin City”: BTC City stretches 475,000 square meters and is filled with 500 stores
04 June 2018   2286

Recently Miro Cerar, the Prime Minister of Slovenia, visited BTC City, a wide business and shopping center in the capital city of Ljubljana. Fintech startup Eligma has constructed a point-of-sale system that is being used in a number of retailers in BTC City, in order to convert it into a “Bitcoin City.” 

The purpose of his visit was to open the Beyond 4.0 international conference, dedicated to digital society and blockchain, as well as to get acquainted with BTC City’s strategy to become Bitcoin City.
Eligma
AI‐Driven and Blockchain‐Based Cognitive Commerce Platform

The startup reported thet during the morning meeting, Cerar received “a cup of ‘crypto coffee’ bought for him by Slovenian State Secretary Tadej Slapnik through the Elipay cryptocurrency transaction system”. In April, the first efficient use of the Elipay wallet at the city was to pay with bitcoin at the complex’s waterpark. Eligma also declared that in the near future the app would also be able to use bitcoin cash and Elipay’s own loyalty rewards token.

With over 500 retail shops, BTC City’s website characterizes itself as “famous for being the largest and most popular European business, shopping, recreational/leisure and cultural center” in the country. BTC company supposes that “Bitcoin City will create an open society which will enable users to pursue their missions as well as develop their business environments in line with their wishes, needs, and operating policies.” 

The development of BTC City into a Bitcoin City is an important step towards the realisation of BTC’s openness-oriented strategy, providing its customers and business partners with freedom and choice regarding their purchases with new forms of payment.
BTC City,
Company, Ljubljana, Slovenia

As claimed on BTC City’s website, Eligma’s Elipay is set in some shops within the city such as Atlantis water park, Al Capone, Babadu, Bijoux modni dodatki, Big Bang, istyle, Vodno mesto San Martino, Sneakers, Minicity, and Kibuba. One-way cryptocurrency ATMs on the premises are also presented in the trading area, as well as a Blockchain Think Tank.

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   317

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.

 

Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.

 

Will Reeves

Fold

According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.