Costa Coffee and other major franchises in Gibraltar now accept Bitcoin over the Lightning Network and on-chain as the sources have confirmed. So, the critics of Bitcoin once said, you cannot buy a coffee with Bitcoin. Well, it seems that the tiny British Overseas in Europe has now blown a hole in that FUD. The famous coffee chain costa coffee apparently now accepts Bitcoin over lightning according to the sources.
Moreover, the hotel Chocolat, card factory, and Gibraltar bakery also accept Bitcoin as currency now in the British Overseas territory. Well, the franchise can now take advantage of the lighting network or LN of Bitcoin to accept the money from customers. So, for those you don’t know, LN has become an ideal medium for microtransactions.
What’s The Payment Like?
If you want to know more about the payment and how easy it is, then you are at the right place. According to the sources, instant payments are one of the many features of Bitcoin merchants in Gibraltar now. One of the sources, the managing director of Sandpiper GI, Neil walker has also told the media about this. He said, when using LN, “It’s no different to using a contactless credit card.”
Moreover, he also mentioned, “it is just quick and you can tap and pay for contactless credit cards. You can tap and pay lightning, and scan a QR code. And whilst I haven’t timed it, I reckon it’s almost exactly the same speed.”
CoinCorner has also partnered up with Sandpiper GI to help the merchants equip them with Bitcoin Lighting Point of Sale devices (PoS).
The Ease of The Customers and Merchants
So, the sources claim that even for non-Bitcoin users, the ease with which the customers and merchants can transact now is fantastic. Walker told the media that whether you believe in Bitcoin or not, you can use the LN to cut the transaction cost and pay via mobile as well.
RACE OF THE RAILS 🏃♂️— Joe Hall (@JoeNakamoto) July 25, 2022
Bitcoin #Lightning payments vs #fiat contactless payments at the #Gibraltar Bakery.
£2.20 loaded up on both PoS.
WHO WINS?? ⚡️ 💵 ⚡️
@CoinCorner @CoinCornerMolly pic.twitter.com/b3ezy7FIeq
In fact, he did confess that the idea of paying with Bitcoin was an alien thing to other businesses as well as individuals. However, with the launch of the Bolt Card and the tap and pay ability via LN, it has changed considerably. The user experience is now quick, familiar, and easy for everyone.
Note on Gibraltar: How to Pay for Coffee
As per the sources, Gibraltar welcomes around 8 million tourists over the rock every year. People from countries such as the USA, Canada, South Africa, and the UK go there. In fact, roughly 15k cross-border workers cross over from Spain to there in search of work regularly.
Moreover, it’s worth noting that Gibraltar uses the pound while Spain uses the euro. Therefore, currency conversion, tourism, etc can become a strong reason for people to adopt a global, borderless currency.
If you want to pay for a cup of coffee in Gibraltar, all you have to do is just scan a QR code. Apart from that, you can also just simply tap to pay using NFC Bitcoin Lightning Card. On the other hand, one of the main payment choices is the Bolt Card, an innovation of CoinCorner.