Bitcoin network to be used for FIAT payments for McDonald’s and Walmart via Lightning Network (link and explanation in post)
https://ift.tt/moBe5bE
Here is the article: [https://cryptoslate.com/bitcoin-to-be-accepted-by-mcdonalds-and-walmart-via-lightning-network/](https://cryptoslate.com/bitcoin-to-be-accepted-by-mcdonalds-and-walmart-via-lightning-network/)
This doesn’t mean that BTC will now be accepted by McDonald’s and Walmart, it just means that it can bypass Visa’s 3% transaction fees.
This is achieved by FIAT being converted into BTC, transferred across the BTC network, then converted back to BTC.
This means that the volatility of BTC doesn’t matter, as it’s instant.
So, no fees and fast transactions with the utility of the BTC network. So it’s good for BTC.
Cryptocurrency