Bitcoin coupon platform Azteco has announced the launch of Lightning Network coupons, which will allow users to redeem their Azteco coupons over the second tier network to improve efficiency and reduce fees.
“You can now redeem your Azteco voucher through Lightning,” wrote Azteco boss Beautyon in an announcement. “Depending on network conditions, you will be charged a network fee that can range from under a dollar to $ 9 or more if you choose to have your Bitcoin in the chain. Or … you can have your $ 100 worth of Bitcoin for a zero fee. And the recipient doesn’t have to wait to send or spend what they have received. You can send it immediately to any other person who has a lightning-powered wallet. “
With Azteco, users can purchase top-up vouchers at retail locations as anonymously as they want and then enter a voucher number and Bitcoin address on their website to receive the corresponding amount in BTC. As a Layer 2 network built on top of Bitcoin, the Lightning Network allows users to transact Bitcoin back and forth on private channels and only settle the transactions and charge on-chain fees when these channels are finally closed.
Beautyon added that there are 16 wallets for users to redeem Azteco Lightning coupons, including Phoenix from Acinq, BlueWallet, Breez, and Zebedee.
“Bitcoin over Lightning means anyone with a cheap Android phone can redeem an Azteco Lightning voucher for $ 1 with no fees,” wrote Beautyon. “That is what it means Billions Many people around the world can use Bitcoin in private, instantaneous ways with very small amounts of money. This means that anyone, anywhere, can store any amount of Bitcoin on their cell phone and instantly transfer any amount of Bitcoin to anyone. “