Bitcoin Lightning Network-Accepting Trial Launches for Cycle-Rickshaws in Glasgow, Scotland


The world's largest digital asset, Bitcoin (BTC), has been having a successful run for about two weeks, as it has crossed many resistances, getting closer to the 6 thousand dollar mark.

On Tuesday, 7th of May 2019, BTC was traded at about 5,900 USD and this bullish run has definitely improved the global adoption of the coin.

In Glasgow, Scotland, it is reported that cycle rickshaws now accept BTC (Bitcoin) as payments via Bitcoin’s Lightning Network. This crypto based payment method by cycle rickshaw businesses in Glasgow was made possible through a partnership with FastBitcoins.com, a Bitcoin sales company based in the UK.

Fastbitcoins.Com’s Trial Run

According to reports, FastBitcoins.com has launched a trial phase for the Bitcoin-payment enabled cycle rickshaws with a couple of the cycles.

They stated that the cycles would show the public the ease in Bitcoin payment, in order to improve Bitcoin’s popularity and increase adoption.

The Only Difference

These new rickshaws are not so different from the traditional ones, as customers can still call the cycles as normally done as well as pay with cash, the only difference is that a Bitcoin based payment system is now available for the users.

The rickshaws will be enabled with a Bitcoin voucher terminal. The riders will operate this POS terminals, making the voucher purchase easy. Danny Brewster, the FastBitcoins.com managing director stated :

“It is a fun concept, and with it we are trying to show the general public how Bitcoin can be made readily available and easy to use. Once consumers understand how easy it is to obtain and use, coupled with the added benefits of simply holding Bitcoin itself, more and more people will build infrastructure to help Bitcoin fulfill its potential on a global scale.”

Innovations In Russia

The general Cryptocurrency global adoption improved in April, when Russian Federation reportedly announced plans to allow innovations out of the current legislative scope be tested in four of its regions. Cryptocurrency was one of these innovations.

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