Domain name giant Namecheap has implemented Bitcoin lightning on its platform as a means of payment. The company was the first major domain registrar to accept Bitcoin from its customers in 2020.
In response to a request from a Twitter user for Namecheap to accept payments via lightning, the company’s CEO, Richard Kirkendall, tweeted, “We’ve already configured it, just need to put it into production one of these days.”
Kirkendall also tweeted that Namecheap has already received “190,000 real business transactions since our launch about 1 year ago. BTCpay for the win”.
A statement on the company’s website reads: “We are delighted to inform you that we now accept Bitcoin payment method, in addition to PayPal, Visa, Mastercard and American Express.”
Namecheap says it has received requests to accept bitcoin payments for months from its tech audience. The company partnered with BTCpayserver to bring Bitcoin payments to its platform a year ago on Friday.
About Namecheap website the Bitcoin payment page reads: “Bitcoin is a decentralized P2P currency that enables instant payments. Use Bitcoin to purchase domains, web hosting, SSL certificates or domain privacy on Namecheap.
Namecheap’s adoption of Bitcoin aligns with its mission “to innovate and respond to threats and challenges in the online space.” [. . .] We see ourselves as space pioneers in innovation and freedom.
The move comes at a time when more software companies and traditionally conservative institutions are venturing into the Bitcoin market via payment solutions or direct investments as demand grows.
Strategically, businesses that buy Bitcoin or accept it for payments to hold it in reserve will be at an advantage over those that don’t. As Bitcoin adoption spreads to outpace its gradual deflation and US dollar inflation rises, the laggards will find themselves buying at a much higher price.