Decentralized Payment Processor BTCPay Adds New Invoicing Options

Decentralized Payment Processor BTCPay Adds New Invoicing Options 1

Decentralized payment processing service BTCPay Server announced a new service available through their platform on February 22, 2019: a way to request payments by simply sharing a URL, thereby streamlining many of the model’s existing hangups.

BTCPay Server has been in the space since late 2017, serving as a decentralized payment processor that allows peer-to-peer transactions without any fees or third-party wallets. Using the updated functionality of Payment Requests, users will be able to generate URLs that allow people to request payments and produce documentation of the transactions, eliminating many of the inconveniences of most peer-to-peer bitcoin interactions.

Payment processors have become integral to the crypto sphere, with several different models available. Tippin.me, for instance, relies on the Lightning network to let users receive tips via a QR code, or even, still in development, over other apps. Bitwage also opened a marketplace this February, allowing freelancers to create bank accounts that will accept crypto assets as payment from a variety of sources. BitPay, another payment processor, has set record revenue numbers for the past two years, as well.

All of these processors, however, are centralized for convenience. BTCPay Server, a decentralized option which was forked from BitPay’s software, wants to make crypto payment processing decentralized, and its new service, the initiative claims, will make this even easier.

Payment Requests will allow users to directly request amounts of money from the wallets of other users, keeping with BTCPay’s existing standard of refusing to involve third-party custodians or additional fees. Usually, third parties are typically involved in these transactions because of a large variety of inconveniences associated with peer-to-peer transactions: e.g., having to update addresses for privacy reasons, staying on top of fluctuating exchange rates and the lack of any formal invoice used for record keeping.

Ideally, BTCPay’s new form of payment will make using a decentralized service as easy as following a URL created for each transaction, providing many of the features of a third-party payment processor but without either taking a cut or mandating that funds be stored in a wallet owned by the processor in question.

The news is the latest in a steady period of growth for the BTCPay. In December of 2018, the processor announced that it had integrated support for c-lightning, an implementation of the Lightning network.

Decentralized Payment Processor BTCPay Adds New Invoicing Options 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 43,445.00
ethereum
Ethereum (ETH) $ 3,060.77
cardano
Cardano (ADA) $ 2.20
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 346.75
xrp
XRP (XRP) $ 0.949578
solana
Solana (SOL) $ 145.28
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.67
dogecoin
Dogecoin (DOGE) $ 0.204911
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 43,445.00
ethereumEthereum (ETH)
$ 3,060.77
tetherTether (USDT)
$ 1.01
bitcoin-cashBitcoin Cash (BCH)
$ 501.34
litecoinLitecoin (LTC)
$ 150.79
bitcoinBitcoin (BTC)
37.068,79
ethereumEthereum (ETH)
2.611,56
tetherTether (USDT)
0,861767
bitcoin-cashBitcoin Cash (BCH)
427,76
litecoinLitecoin (LTC)
128,66
bitcoinBitcoin (BTC)
31,746.43
ethereumEthereum (ETH)
2,236.59
tetherTether (USDT)
0.738034
bitcoin-cashBitcoin Cash (BCH)
366.34
litecoinLitecoin (LTC)
110.19

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,911 0.74 % 0.95 % 9.41 %
Ethereum2,998.7 1.88 % 1.62 % 10.11 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.160 1.44 % 4.73 % 5.64 %
Binance Coin341.06 1.21 % 1.96 % 16.79 %
XRP0.9344 1.09 % 0.94 % 10.93 %
Solana141.68 2.40 % 2.21 % 7.60 %
USD Coin0.9978 0.48 % 0.39 % 0.61 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2013 1.47 % 2.73 % 14.17 %

bitcoin
Bitcoin (BTC) $ 43,445.00
ethereum
Ethereum (ETH) $ 3,060.77
cardano
Cardano (ADA) $ 2.20
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 346.75
xrp
XRP (XRP) $ 0.949578
solana
Solana (SOL) $ 145.28
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.67
dogecoin
Dogecoin (DOGE) $ 0.204911