Domain Giant Namecheap to accept payments via Bitcoin Lightning
The domain name giant Namecheap has implemented Bitcoin Lightning on its platform as a payment method.
The domain name giant Namecheap has implemented Bitcoin Lightning on its platform as a payment method. The company was the first major domain registrar to accept Bitcoin from its customers in 2020.
In response to a request from a Twitter user asking Namecheap to accept payments via lightning, company CEO Richard Kirkendall, tweeted, “We’ve already set it up, now we just need to put it into production one of these days.”
Kirkendall also tweeted that Namecheap had already received “190,000 actual business transactions since our launch about 1 year ago. BTCpay for the win”.
A statement on the company’s website reads: “We are delighted to inform you that we now accept the Bitcoin payment method, in addition to PayPal, Visa, Mastercard and American Express.”
Namecheap says it has been receiving Bitcoin payment acceptance requests for months from its tech audience. The company partnered with BTCpayserver to integrate Bitcoin payments into its platform a year ago on Friday.
On Namecheap’s website, the Bitcoin payment page states, “Bitcoin is a decentralized P2P currency that allows instant payments. Use Bitcoin to buy domains, web hosting, SSL certificates, or domain privacy on Namecheap.
Namecheap’s adoption of Bitcoin aligns with its mission to “Innovate and respond to the threats and challenges of the online space.” [. . .] We see ourselves as the pioneers in the field of innovation and freedom.
The move comes at a time when more software companies and traditionally conservative institutions are venturing into the Bitcoin market through payment solutions or direct investments as demand increases.
Strategically, companies that buy Bitcoin or accept it for payment to hold it in reserve will have an advantage over those that do not. As Bitcoin adoption spreads to overtake its gradual deflation and US dollar inflation rises, laggards will find themselves buying at a much higher price.
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