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Domino’s Pizza Now Accepts Bitcoin

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Bitcoin hodling just got harder, you can now buy your favorite pizza from Domino’s Pizza via the Lightning Network while enjoying negligible fees. What’s more? Transaction settles in less than 30 seconds—which is near instantaneous —and delivery time is within 30 minutes from anywhere in the US.

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While there are no details on whether Bitcoins are accepted in all of their 13,811 stores spread out across the globe including China, there is no doubt that Bitcoin, Lightning Network and general adoption is gaining his momentum.

For starters, Domino’s Pizza is a public company with shares traded at the world’s 2nd stock operator by market cap, NYSE as DPZ. The company revenue by financial year 2017 stood at $2.47 billion translating to $214.68 million in profits. Domino’s Pizza now joins Paragliding of Switzerland, Nanotorch, Spendl, Vape Store and Pollo Feed in a long list of merchants experimenting with the future of money.

Why Lightning Network

Although there is furore on how and why the Lightning Network (LN) operates, it is the next thing close to Bitcoin scaling. On their homepage, LN proponents say the off-chain platform guarantees instant transactions while simultaneously scaling the notoriously hard to “scale” public blockchain.

Elizabeth Stark’s developed solution bring forth instant payments without a worry of block confirmation times because “security is enforced by blockchain smart-contracts without creating an on-blockchain transaction for individual payments.”

Besides, the network is designed for speed, eliminating bottlenecks and can as a result process millions if not billions of transactions per second “blowing away legacy payment rails by many orders of magnitude.” Speed and scalability have a causative effect, slashing down costs and allowing one to pay for Pizza without worrying about high fees.

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