Popular Rapper Lil Pump has announced that he will be accepting Bitcoin lightning payments on his merchandise store “Unhappy”. His fans will be able to pay with Bitcoin via Lightning Network which is an open source second layer solution. The news broke out on LightningNetworkStores, a website that tracks businesses that accept Bitcoin lightning payments.
Image Source: Unhappy.com
Lil Pump’s store is by far the most popular merchant to accept Bitcoin using the second layer technology, prior to Unhappy.com live cam website LiveJasmin was the biggest site to accept lightning payments.
The fees on the Bitcoin network reached as high as $50 in 2017 which hindered its usage for smaller transactions but with second layer solutions, BTC can be transferred almost instantaneously for negligible fees. Recently a startup named Moon enabled lightning payments on Amazon with an extension where users can pay with Bitcoin even without merchant onboarding.
Currently, there are over 8100 active nodes using the lightning network with its network capacity surpassing 1040 BTC (worth over $5.7 Million). The lightning network was popularised with the lightning torch which was passed on to popular figures like Jack Dorsey, Adam Back, Charlie Lee, etc before getting donated to Bitcoin Venezuela, a charity organization.
Popular icons like Lil Pump embracing the new technology comes as a positive development for the adoption of the technology, even if users don’t use Bitcoin to purchase online frequently they are exposed to the technology which might help increase awareness.
It is not the first time that rappers have shown interest in Crypto, Blockmanity reported on Juicy J featuring EOS and Everipedia in his music video. Even popular rap icon Eminem mentioned Bitcoin in a song featuring Royce Da, he said:
“Remember everybody used to bite Nickel, now everybody doing bitcoin.”
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
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