Getting Cryptocurrency Q&A: Can You Use Cryptocurrencies for Recurring Payments?

Why aren't we utilizing cryptocurrencies, like bitcoin, for revenant cash in hand like memberships and subscriptions? As a result of cryptocurrency cash in hand are push programs, not pull programs. Watch this video to be taught the distinction between push and pull programs and why cryptocurrency revenant cash in hand are higher fitted to layer 2 options, just like the Lightning Community.

00:00 Why is not Bitcoin used for memberships, subscriptions, and different revenant cash in hand?

00:50 Push vs pull cash in hand

02:42 What it's essential to arrange revenant cryptocurrency cash in hand

03:37 Utilizing the Lightning Community for subscription based mostly companies

The most effective issues about bitcoin and most open public cryptocurrencies is that every cost inevitably to be permitted by the owner. Not like a bank card, cipher can pull cash in hand from my bitcoin or ether account. However why? The structure of those programs, together with Bitcoin, requires the owner of bitcoin to signal a dealings with their personal key, each single time. However this does not imply that you could not by a blame sigh use cryptocurrency for revenant cash in hand. In reality networks such because the Lighting Community may fit very effectively for subscription based mostly companies.

This query is from the bonus reside stream on incomes crypto, which happened on Jun thirteenth, 2020. In order for you early-access to negotiation and an chance to ask questions inside the month-to-month reside Q&As with Andreas, grow to be a Group Builder on Patreon:

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Bonus Livestream Session - The right way to Earn and Promote for Crypto -

Lightning Q&A: What are probably the most thrilling new Lightning Community options? -

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