New user-friendly Bitcoin Lightning wallets such as Bluewallet are ushering in the future of payments. Users can now send and receive Bitcoin Lightning payments right to/from your mobile device, the ramifications of which could be revolutionary for the future of online payments.
Bitcoin Lightning Wallets Are Setting the Bar
Following the first review of Bluewallet by Bitcoinist less than a week ago, the wallet app now supports generating invoices and thus, receiving Lightning Network (LN) payments right to your mobile device.
Meanwhile, Wallet of Satoshi is another recently-launched ‘mum-friendly’ mobile app targeted at the Australian market that already supports similar functionality. There are a few more newly-released LN wallets making waves, though Bluewallet and Wallet of Satoshi are the easiest to get started with due to their simplicity.
Australians can use Wallet of Satoshi to send BTC via Lightning Network to pay bills and buy products at participating merchants in Australia, which includes Brisbane Airport and online services such as Tippin.
— jordoDev (@jordoDev) January 5, 2019
Together, these two ‘grandma-friendly’ wallets are making it easy to send and receive payments. What’s more is that these transactions can be as small as a fraction of a cent, the implications of which can be nothing less of revolutionary. Here’s why…
Online Micro-Transactions Becoming Viable
Founded in 2013, it enabled Bitcoin users to send micropayments across various social media websites. Unfortunately, the service apparently wasn’t economically viable. Friction due to on-chain transaction fees and confirmation wait times made the user-experience rather inconvenient,