Start accepting bitcoin payments within three minutes. (US)

Start accepting bitcoin payments within three minutes.

Anywhere & from anybody in the world.

Why accept bitcoin?

Incoming transactions are free. No costs.

Three-minute initial setup & ready for transacting.

Lightning-fast settlement & finality in payment.

No payment network downtime.

100% Fraud proof. No chargebacks etc.

Lightning payments are anonymous.

Rapid growing userbase.

Future proof.

Energy efficient.

Very well suited to build a circular economy.

Bitcoin: A peer-to-peer electronic cash system. Allows online payments to be sent directly from one party to another without going through a financial institution”

- Bitcoin White paper 2008

Bitcoin network monetary policy

Ultimately a fixed amount of 21 million bitcoin will ever be created. Bitcoin is not subjected to inflation. There will only ever be 21m bitcoin in circulation.

Fixed and predictable issuance schedule of newly created bitcoin. Guarantees fair worldwide distribution of the newly created bitcoin.

Welcome to the money of the future

This little book will help you to start accepting bitcoin in your business. The initial setup is easier, faster and cheaper than the legacy fiat setup and you will be instantly connected to a new world-wide customer base!

This booklet will take you step-by-step to install & activate a free “bitcoin wallet”. It will only take 3 minutes and no technical know-how is needed. In the process you will learn a few new things about this free-to-use revolutionary digital money network.

LightningPlaces will guide you through your bitcoin exploration journey. For your disposal we have an oversight of the latest technologies, solutions and developments which can make your business operations more efficient, borderless and future proof.

Bitcoin is the future. You can easily and quickly accept bitcoin by using the Lightning network. We will explain how to do this and you will experience how super easy this works.

What are bitcoin Lightning payments?

Compared with the money we are currently using there are similarities: Bitcoin is the unit, like a Euro, USD or GBP. The ‘Sat’ is the smallest denomination of 1 bitcoin, like 1 cent.

(1 BTC = 100.000.000 Sats) The wallet is like your bank-app and the Lightning network is the payment system. This enables you to transact with the speed of light.

Why would I accept bitcoin Lightning payments?

By accepting bitcoin Lightning payments, you open your business to a completely new & fast-growing customer base: the bitcoin user.

The main benefit of the Lightning network compared to legacy payment providers is that there is no intermediary between the transaction. There is no third party to facilitate the transaction. This results in the ability to execute direct peer-to-peer payments on the most secure, fastest, cheapest and censorship-resistant payment network that exists today.

You will be able to cut costs substantially on banking- and transaction fees. Payments over the Lightning network are nearly free, censorship-resistant, anonymous, irreversible and settled in finality. This enables you to do business with anyone in the world without the possibility of fraud or chargebacks and without mandatory exchange of personal information needed for the transaction. And just like cash: you are instant owner of the received bitcoin. The good thing about this is that you yourself can set this up within 3 minutes. Then you will be ready to start accepting bitcoin!

2. Accept bitcoin Lightning payments within 3 minutes

This is what you need: a smartphone, access to Internet and an app-store. For our setup we will use “Wallet of Satoshi”. This wallet is used worldwide due to its safety, ease of use, stability and speed. The wallet is equivalent to the cash wallet we know except this one is a digital wallet in which you will hold your digital cash: BTC –bitcoin.

Select your desired fiat currency display & language.

Below you will see a red marked notification ‘Login to Back Up’. It is advisable to do this. You can link your wallet to your email address. In case you lose your wallet (theft, malfunction phone etc.) you can always recover your wallet on a new device. It is optional however, not mandatory.

Your bitcoin Lightning wallet is now ready for action!

App Store Google Play

Practical daily use of the wallet

Your wallet is installed and ready to go. Now you want to accept payments. This is how you do it.

To receive a payment over the Lightning network you have to create a payment request (invoice)

• Select ‘Receive’

• Select ‘Lightning Invoice’

• Add amount to be received.

• Select ‘Generate Invoice’

On display you see the invoice information (in QR and alphanumeric) which you show to the Payer or share with the Payer. The Payer scans the QR code or imports the shared invoice information, checks if the amount is correct and finally sends the amount to be paid.

Other ways to accept transactions using this wallet

Besides creating an invoice with a specified amount there are three other ways to receive bitcoin payments. You will find them using these buttons: ‘Lightning’, ‘Bitcoin’ and “Lightning Address’.

Lightning 

Without entering the specific amount to be received you will create an open invoice. The Payer can choose any amount it wants to send. After the invoice is paid a new invoice will be automatically generated by the wallet as invoices can only be used once. If you do add the amount to be paid? Then the Payer will have to pay the specified amount. An invoice can only be used once and will expire after 3 days.

Here is the option to receive directly via the Bitcoin network. This is also called “on-chain”.

Your public receiving address appears as QR code and as the actual alphanumeric code. You can easily show the QR to the Payer or share the receiving address with the Payer.

The Payer will add the amount to be send. Because this will be an on-chain transaction, settlement can take minutes to be finalized.

After each transaction the wallet will provide you with a newly generated receiving address. However the previous receiving addresses will be valid forever and are re-usable.

This makes on-chain public receiving addresses very well suited for donations and receiving bigger size payments.

Lightning Address @

This is your permanent public Lightning receiving address that can be re-used in infinity. It is an open invoice that never expires.

Your public Lightning receiving address appears as QR, in alphanumeric information and in an ‘email address’ format.

You can get paid in three ways: Scan the QR code, share the alphanumeric information or share the ‘email address’ with the Payer.

The Payer will choose the amount he or she wants to pay to your receiving address. This is a fantastic option to receive (micro) donations from anyone in the world!

Bitcoin integration in your business 3.

Multiple Point of Sale’s (PoS)

Do you need multiple PoS’s in your store or in different locations? There are many options to choose from.

iBexpay.io is a bitcoin infrastructure company which can facilitate for free or very low cost multiple PoS’s without the need of extra soft- and hardware. With their service you can also easily integrate Lightning payments into your webshop.

Conversion Bitcoin to USD

If you prefer to convert your hard-earned bitcoin into USD you can find out at LightningPlaces.com how to easily do this.

When using iBexpay.io you can convert your incoming bitcoin directly to $USD depending in what region you are. Please contact iBexpay support to see what options are available for you to convert bitcoin into USD.

Bitcoin as savings technology

Fact: in the previous 14 years, on average, bitcoin the asset has outperformed traditional assets like stocks, bonds, precious metals etc.

Learning about bitcoin and the Bitcoin network will be very rewarding. Many common Q&A’s you can find at LightningPlaces.com/en/knowledgebase

Have you considered accepting bitcoin payments in your business but still lack the knowledge to make a start?

Or, you already have experience with bitcoin and you want to explore how to integrate bitcoin payments into your business? How about receiving worldwide donations and crowdfunding in bitcoin? Pay your employees salary partially in bitcoin? Or save on your natural gas heating bill by re-using wasted heat from bitcoin-mining equipment?

LightningPlaces is designed for you to efficiently absorb the minimum necessary knowledge in order to find and implement the solutions you need for your business by yourself.

The vast amount of new information, services and products can be overwhelming. LightningPlaces lays it out for you.

By accepting bitcoin payments in your business, the network grows and you will be visible for a fast-growing new customer base.

How can you make yourself visible? We integrated BTCmap.org into our platform. Here you will find most shops and places that accept bitcoin payments. If you want to be visible worldwide and attract new customers to your business, please register for free with BTCmap.org

Find a place near you that accepts bitcoin. Or, if you accept bitcoin for your goods and services make sure you put yourself on the map for free at BTCmap.org

The network grows with each transaction and additional user