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0 sats \ 0 replies \ @AG 16 Oct \ on: Is it advantageous for merchants to receive payments via the Lightning Network? AGORA
Great question! The advantages are many. However, I see many blockers by merchants we talk with, especially from a compliance and from a technical implementation perspective. And one of the question they ask is exactly this: what are the benefits? more paperwork, more maintenance, etc?
Implementing the right technical solution to enable a bitcoin payment gateway comes with challenges depending on what the current solution the business is using. Most of the ecommerce today offers a bitcoin or lighting integration for easy setup, both custodial or noncustodial.
For the compliance side, it's easy. Bitcoin, with lightning, is just as extra digital cash flow, so in the books you treat it as such. Who wouldn't want and extra cashflow?