• Bitfinex has announced a partnership with Bitrefill, allowing users to instantly buy goods and services with Bitcoin

Only days after Bitfinex announced that it had become the first major crypto exchange to integrate the Lightning Network, which facilitates instant deposits and withdraws for practically zero fees, Bitfinex has announced that it has partnered up with Bitrefill so that users can instantly buy goods and services.

Essentially, Bitfinex users can now use their wallets to shop Bitrefill’s catalog of 2,000 pre-paid gift cards and vouchers, which includes gaming, dining, entertainment, travel, and cell phone refills for 170 countries. Payments between Bitfinex and Bitrefill will occur instantly via the Lightning Network.

This is a positive step for Bitcoin adoption and may offer a glimpse of how Bitcoin commerce will work in the future. In the same way that banks give customers different tools to shop with fiat, crypto exchanges can give customers tools to shop with cryptocurrency. The Lightning Network is perfect for retail and e-commerce sales too, since there is no waiting and practically no fees.

Indeed, Bitfinex CTO Paolo Ardoino says, “Bitcoin’s use as a means of payment represents an important milestone in the inevitable journey towards mass adoption. This is why the Lightning Network is so important”. Thus, the partnership between Bitfinex and Bitrefill was created with mass crypto adoption in mind.

 

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