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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

Paying via Bitcoin Lightning with The Bolt Card ⚡️ Using an Android phone as POS from Bitcoin




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20 Comments

  1. 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!

  2. 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.

  3. 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.

  4. 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.

  5. 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.

What do you think?

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