The Substack online service, which lets users create newsletters and charge for access, added support for Bitcoin-based Lightning payments. This is stated in a statement from the platform.
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The option is implemented in cooperation with the processing service OpenNode — a project founded in April 2018 by a group of developers of Bitcoin and the Lightning Network protocol.
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The feature is available \”for selected publications focused on cryptocurrencies.\” An OpenNode representative, in comments to The Block, noted that among them are materials by Willy Woo and Dan Held.
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\”Bitcoin payments are fast, convenient and secure, with low fees. We use the Lightning Network for transactions, [which] is even faster than credit cards,\” said Substack.
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They added that the service counts more than 500,000 paying subscribers. The platform, founded in 2017, is supported by Andreessen Horowitz, Y Combinator, Fifty Years and other investors.
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Earlier, billionaire Tim Draper invested $1.25 million in bitcoin processing. In June 2021, he suggested that in the near future all retailers will be using OpenNode.
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As noted, from January to July the capacity of the Bitcoin Lightning Network grew by 70% — from 1,058.68 BTC to 1,806.38 BTC.
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