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❕NEWS Uquid intergrated Bitcoin's Lightning Network into their system

Emoney

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Uquid, a pioneer in online marketplace that accept cryptocurrency as their main payment option, has integrated Lightning Networks into their system in order to speed up the transaction process. Has been operating since 2016, Uquid is one of the biggest crypto storefront available on the net. With more than 35,000+ digital products, it has products from big name brands. The store supports BTC, XRP, Gas, NEO, Tether and many more.
 

Vladv26

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Lightning network is definitely a must for a merchant that wants to accept bitcoin ad a payment method into their store. Especially because with the huge fees that you have right now, people don't want to pay a couple dollars for fees for every single transaction
 

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Lightning network is definitely a must for a merchant that wants to accept bitcoin ad a payment method into their store. Especially because with the huge fees that you have right now, people don't want to pay a couple dollars for fees for every single transaction
and also to add, most people wants faster transactions, I've seen some new players in the crypto game where they get anxious while waiting for transactions that gets really delayed
 

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Uquid, a pioneer in online marketplace that accept cryptocurrency as their main payment option, has integrated Lightning Networks into their system in order to speed up the transaction process. Has been operating since 2016, Uquid is one of the biggest crypto storefront available on the net. With more than 35,000+ digital products, it has products from big name brands. The store supports BTC, XRP, Gas, NEO, Tether and many more.
I think this is a good marketing strategy , because it will attract more users to them , considering that transaction will be completed fast using their platform .
I hope people get to know about this development .
 

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Btw, has anyone try selling stuff on Uquid? I wonder if it's any good?


There's a review on BMF but no post from users at all.
 

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Yeah lightening network would make the transaction more faster ,but the store or online market place will make more people know about btc used when its been used for transaction
 

microunit

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I'm still now sure or aware as to what are the negative sides to using lightning network? as some don't seem to want to use it, though I know that it is much faster and cheaper
 

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I had not heard of that store, it would be nice to meet it. Every day stores that accept transactions with cryptocurrencies correct their details and become safer and faster. Any store that wants to improve its payment services and attract more customers must integrate Lightning Networks, it is almost mandatory.
 

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I'm still now sure or aware as to what are the negative sides to using lightning network? as some don't seem to want to use it, though I know that it is much faster and cheaper
Yeah most things that advantage do come with disadvantage and i guess when its been used in excess or not used in the proper way ,the negative sides might show
 

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I had not heard of that store, it would be nice to meet it. Every day stores that accept transactions with cryptocurrencies correct their details and become safer and faster. Any store that wants to improve its payment services and attract more customers must integrate Lightning Networks, it is almost mandatory.
though there are still stores that do not want to integrate or use lightning networks, probably there are some downsides to using it, probably you know some?
 

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though there are still stores that do not want to integrate or use lightning networks, probably there are some downsides to using it, probably you know some?
From lightning networks I only know that it is faster to carry out BTC transactions through this service, I would have to read about this system.
Can you tell me what the disadvantages are?
 

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From lightning networks I only know that it is faster to carry out BTC transactions through this service, I would have to read about this system.
Can you tell me what the disadvantages are?
yeah I know it has much faster transaction speed and lower costs, that's why I was asking you what are it's advantages because you were adamant that merchants should use it so I thought you would know, I guess you didn't understand my statement before
 

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yeah I know it has much faster transaction speed and lower costs, that's why I was asking you what are it's advantages because you were adamant that merchants should use it so I thought you would know, I guess you didn't understand my statement before
I only know those advantages that you just said and that is why I affirm that it is almost mandatory for merchants to use this service, since it allows to reduce transaction fees and the waiting time to receive the transfer, already with that, initially, it is enough to migrate to Lightning Networks. I have not heard of any cons or security issues.
 

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I only know those advantages that you just said and that is why I affirm that it is almost mandatory for merchants to use this service, since it allows to reduce transaction fees and the waiting time to receive the transfer, already with that, initially, it is enough to migrate to Lightning Networks. I have not heard of any cons or security issues.
I just researched and read some stuffs about lightning network and most of them mentioned that lightning network is much more susceptible than the usual bitcoin network
 

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I just researched and read some stuffs about lightning network and most of them mentioned that lightning network is much more susceptible than the usual bitcoin network
What do you mean that the lightning network is more susceptible? You mean it's more delicate, it's more prone to hacks? Is it less secure than the Bitcoin network?
 
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