Paying via Bitcoin Lightning with The Bolt Card ⚡️ Using an Android phone as POS
Paying via Bitcoin Lightning with The Bolt Card ⚡️ Using an Android phone as POS from Bitcoin
View Reddit by CoinCornerMolly – View Source
in Buzz
Paying via Bitcoin Lightning with The Bolt Card ⚡️ Using an Android phone as POS
epeakin
644 Views
20 Comments
Leave a Reply
GIPHY App Key not set. Please check settings
Can I set it up myself?
Bitcoin and Lightning Networks is a future : instantly ; 0 fee ; 1 million TPS !
Bye Visa Bye Mastercard
[removed]
This is big for adoption by normies who don’t want to bother with self-custody. It’s as close to traditional payment experience as it can be.
[deleted]
doesn’t look like there’s any security here, does this card just approve every RFID transaction it touches? This seems kind of scary. Maybe if there was a fingerprint or pin code on the card. So somebody could configure a lightning transaction on their phone and then walk up behind you and get their phone close to your pocket and steal your Bitcoin!
Wait, so does the phone have an touchless payment RFID reader built into it? If so this would be great and in the future no one would have to put a clunky chip reader dongle on their phone to accept cards in person. This would be the bridge between old school credit card paying and simply scanning a QR code for payment between two devices.
Waiting on a U.S. supply source. I literally want to be able to walk into a store and get one. Love the concept.
Might be just me, but as long as every such transaction will be considered a taxable event, it will be hard to make it mainstream.
Ok, so can someone explain to me why this is different to the Chinese Alipay / WeChat system of QR codes for payment?
Its instantaneous and just as easy.
Ok the app and backbone is handled by “the big corporations” in the same way as an app from a corporation is needed for this transaction to happen? Or am i missing something?
Seeing hundreds of this posts like it’s something that doesn’t already exist on existing currencies.
How does the security work ? If my card get stolen, what prevent my fund to leave the card ?
Can this work in places with limites access to the internet?
Apparently, CoinCorner is not available from Serbia.
I get following page when I try to access it:
>Access denied Error code 1020
You do not have access to coincorner.com.
The site owner may have set restrictions that prevent you from accessing the site. Contact the site owner for access or try loading the page again.
What I don’t understand is how are you going to use bitcoins for transaction’s. Bitcoin is not a stable coin meaning one day it it be worth 20,000 and the other day could be worth 10 bucks, its not safe or secure. How are going to make business on something so unstable?
For example if I were to buy goods for 1 bitcoin when its price is at 20,000 per coin then I changed my mind and take the item back for a refund. After a few days the coin devalued to 18,000 so is the merchant going to lose 2000 grand to make up the 20,0000 that i payed? Or im I going to get 20,000 grand it devaluated bitcoin losing 2000 grand because its now worth 18.
Im not hating or anything its seems like a cool idea to me and very interesting and im just very curios how would it work. Also, what keeps people from stealing your money. Bit coin is unregulated to a mayor extent. Doing a little research its seems very unlikely that police can recover stolen bitcoin for you.
*the feeling when you realize years later you bought a can of soda for $100*
UK only, sad Bitcoin post.
Are the fees for this card high??
So show us the transaction on blockchain and the confirmation time? A blockchain explorer link maybe?
So what happens if the seller adds an extra zero at the point of sale machine and I didn’t notice it?
It’s 2022 why is the video quality so crap…