@speed_LN
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Yes, we have provide all marketing material to affiliate partners to help increase merchant adoption.
Thank you for sharing your thoughts. Yes, we're currently interested in getting as many affiliates onboard as possible, who are ready to help create awareness for Speed and attract new merchants.
Our team of 30 developers in India is working tirelessly to create new features and tools that we can provide to our affiliates to make it easy for them to onboard new merchants. Whatever you need, we can create it for you and provide it to you.
In fact, why not try convincing a coffee shop to start using our Speed POS? It's a great way to show them the benefits of using our platform and how it can improve their business operations.
@038bb3c3cb We put it on our CDN so we can keep it updated with new releases and provide the latest versions. Most of the updates we make to Speed.js don't change are backward compatible, so even if you're using an old version, your application won't break. The same is true for our APIs.
I'm sorry if I couldn't fully answer your question, but I'll have my engineering team take a look and provide more information.
Are you thinking of using it for an eCommerce store? If so, we'd love to invite you to our Slack channel to chat with our engineering team.
Every customer is important to us!
Help us spread the word and attract more merchants:)
Okay, got it. We need to try things out. Our problem is about getting people to use Bitcoin Lightning, not getting merchants to accept it. If customers ask to pay with Bitcoin Lightning, then the merchant will start accepting it as a payment method.
Right now, using our service is free while we are still working on it. Later on, we might charge a fee of 2.5% to the store that accepts payments. If a customer pays with Bitcoin, they will get a 2% cashback right away through the LNurl withdraw.
We believe that stores are used to paying 2.9-3.2% for credit card payments, so they won't mind paying the 2.5% fee if a customer chooses to pay with Bitcoin. And it will be a great benefit for customers who pay with Bitcoin, as they will get 2% cashback.
What do you think about our plan? Does it sound good?
Our payment system incorporates both the Lightning Network and on-chain transactions. However, our core focus is on the Lightning Network. This is because we believe that the Lightning Network is the ideal solution for microtransactions, with faster processing times and lower fees.
Thank you for your suggestion. Would you like us to add a demo checkout process to our website to give users a better understanding of how our payment system works?
We may not be in a position to directly compete with Stripe and credit card networks, however, we can certainly provide a strong alternative payment option. The advantage of the lightning network is that it does not have high interchange fees, and this presents an opportunity for us to offer the same level of cashback and rewards to drive increased adoption. We aim to leverage this advantage to make our payment method a preferred choice for customers.
Yes, we are interested in adding stablecoin support, particularly for Taro when it becomes available. We believe Taro has the potential to be a game changer and we are closely monitoring any new updates and developments. Our plan is to start supporting stablecoin as soon as Taro is available. Currently, we allow users to swap their bitcoin earnings for USDC for added stability, and users can also receive payouts in USDC.
BitcoinQR does not work with LN-URL. It only works with LN invoice.
That is not open source. However, it only takes 2 minutes to create a QR code sticker and begin using it.
Yes new to Bitcoin lightning payments. I worked on Orderhive SaaS product in past. It got acquired in 2021.
Yes. There will be two different kinds of cashbacks:
  1. Merchant-created: Based on factors such as quantity, product, total value, and location, a merchant can create cashback.
  2. Speed generated: To boost bitcoin adoption and advertise bitcoin as a payment method, we will run a global cashback offer above what merchants offer.
We will make cashback using LNurl withdraw available. Speed currently offers raw withdraw APIs that can be used to generate cashback.
What do you think?
Yes, Speed is integrated as a payment method to fiat payment gateways (with a number of merchants) and is used by more than ten separate merchants via plugins.
I wanted to reach out and propose an idea that I believe could help increase lightning adoption among our customers. As you know, merchants typically pay 2.9% + 30 cents for credit card usage and have accounted for this in their business model.
What if we kept the pricing the same for merchants, but offered a 2% cashback to customers instantly for using the lightning network? This way, customers would be incentivized to use the lightning network and could potentially save money on fees.
I think this could be a great way to increase adoption and encourage more people to try out the lightning network. What do you think?
GENESIS