Domino’s Now Accepts Bitcoin – Buying Pizza Just Got Easier

Adoption by Blockspectator  | 1 year ago
2 min read

In further positive news for the adoption of cryptocurrencies, Domino’s today announced that they would be accepting Bitcoin payments made via the Lightning Network in individual stores.  The purchase will have minimal fees, and transactions will settle in less than 30 seconds- almost instantaneous…almost.

Also, delivery is planned to take place within 30 minutes, anywhere in the US.

There still hasn’t been confirmed whether Bitcoin will be accepted in all 13,000+ Domino’s stores worldwide, but this latest news is proving to be very encouraging for future Bitcoin adoption, especially for the Lightning Network.

Despite some controversies as to the operational functionalities of the Lightning Network, it is arguably the closest form of Bitcoin scaling. Supporters of LN, believe the off-chain platform guarantees instant transactions while concurrently scaling the infamously difficult to “scale” public blockchain.

The solution helped developed by Elizabeth Stark tries to achieve instant payments without the concern of blockchain confirmation times because “security is enforced by blockchain smart-contracts without creating an on-blockchain transaction for individual payments.”

One of the most frustrating aspects of the Bitcoin architecture is the tendency for bottlenecks and drastically reduced speed in times of increased network usage. This was most notoriously experienced the 2017 bull run when certain transactions took over a week to complete.

The Lightning Network is designed at the core to eliminate or considerably subside such faults and flaws. The network will aim to complete millions, perhaps billions of transactions per send. If this can be achieved or even come close to being done, the causative effect will result in tremendously lower costs and therefore allow pizza lovers to pay without worrying about high fees or potentially days to complete their purchase.

This is a very exciting step in the acceptance of Bitcoin and the broader cryptocurrency sector as an industry that will be adopted into our everyday lives and be the enrichment of it. If a multi-billion dollar, well-loved and globally recognized company like Domino’s will begin to take steps to implement the technology, it’s only a matter of time before others is sure to follow.

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