Crypto adoption is rolling into everyday shops where Bitcoiners can buy goods on the fly.
The Fold App allows Bitcoiners to make fast and cheap crypto purchases using their smart phones to scan QR codes, spending Bitcoin like regular cash. Chief strategy officer at CoinShares, Meltem Demirors, bought a cup of coffee using Fold to send Bitcoin via a simple QR code – no registration or account creation required.
stupid simple – no signups, no personal details, just send BTC to the address given and BAM – QR code!
YOU CAN BUY YOUR COFFEE WITH BITCOIN!!! pic.twitter.com/mdMJCaTexG
— Meltem Demirors (@Melt_Dem) February 14, 2019
The team at Fold says crypto will go mainstream once “everyday purchases are possible, because it offers a better way to pay: fast, cheap, incentivized, secure and accepted everywhere.”
Launched on Wednesday, LN.Pizza, powered by Fold, allows people to order Domino’s Pizza via the Lightning Network.
Love pizza? Love Lightning? https://t.co/TMe75EDQ65 is your new BFF 🍕⚡️
Order Domino’s Pizza via the Lightning Network from anywhere in the US.
Get 5% off when paying with Lightning!
— Lapps (@lappsln) February 13, 2019
The Fold team plans to roll out portals for major brands such as Dunkin’ Donuts, Whole Foods and Target. The process requires users to enter the amount of Bitcoin they want to spend, and then scan a barcode to make the payment.
Says product lead Will Reeves,
“We’re trying to make Bitcoin fun again and illustrate that Lightning is at a point where it is mainstream-ready.”