Many are predicting that 2019 will be the year Bitcoin’s Lightning Network sees massive growth and becomes a more common way to make bitcoin payments, and a new company based in England's East Midlands hopes to help with that process.
Today, FastBitcoins.com[1] has announced the launch of its cash-based bitcoin exchange, which includes Lightning Network integration. With this new exchange, users will be able to avoid touching the blockchain when they decide to buy or sell bitcoin for cash.
The new exchange was founded by former Neo & Bee Managing Director Danny Brewster[2], who says he is on a mission to restore his credibility after his last venture infamously failed in spectacular fashion[3].
How It Works
Brewster is also behind AAO Global[4], a company that provides store operators with digital kiosks that can be used by customers to purchase anything from prepaid cell phone minutes to Xbox Live subscriptions. The plan is to add FastBitcoins.com as one of the 5,000 voucher options on these hardware terminals.
“We take away the current pain points blocking normal people buying bitcoins; there is no complex process involving signing up to a Bitcoin exchange or network and having to convert your money,” said Brewster. “Customers can now just walk into a Fastbitcoins.com partner shop and buy bitcoins with the same ease and speed as buying a prepaid telephone/cell-phone credit/top up voucher.”
The FastBitcoins.com terminal was originally debuted[5] in December 2018 when a reporter bought 10 pounds worth of bitcoin from a touchscreen in the back of a London taxi.
In addition to the terminals, FastBitcoins.com also plans to sell physical bitcoin gift cards, integrate with existing bitcoin wallets, and build a FastBitcoins.com mobile app.
“We are also building relationships
