The Bitfinex cryptocurrency exchange has partnered with Bitrefill, a service for topping up mobile accounts and purchasing gift certificates.
Bitfinex users can now buy over 2000 gift cards and voucher codes from the Bitrefill catalog. The exchange announced the partnership on Twitter. The B2B procedure will be happening on the Lightning Network. Furthermore, users can also pay for entertainment, dining, traveling, shopping services.
Commenting on the partnership, CEO of Bitrefill, Sergej Kotliar said, “If all goes as planned, this should become the new standard for doing integrations. No custody of coins is happening. User is actually withdrawing from their Bitfinex account over LN to pay us directly. And the payment is settled securely and instantly.”
Topping up accounts
Bitrefill started its operation in 2014. This platform is a great example of how to use cryptocurrencies in everyday life. Thus, it offers the opportunity to top up your mobile phone account with more than 600 operators in 143 countries.
Besides, you can easily top up your family or friends’ accounts, even if they live in another country. And you can use Bitrefill to buy gift cards and vouchers. Currently, the company received 130,000 positive reviews from the users.
Bitrefill’s CCO, John Carvalho, says: “We believe that getting bitcoin exchanges on to the Lightning Network early is integral to preparing for the next wave of adoption and building out a parallel economy for bitcoin. This collaboration signals a new era for bitcoin commerce. We will continue to work closely with Bitfinex and other businesses to develop Lightning solutions and products that make living on crypto a reality.”
Earlier, Altcoin Buzz reported about the Bitfinex’s partnership with the Lightning Network. The company’s CEO, Paolo Ardoino is advising that over 400 deposits and withdrawals processed via LN.
Besides, in November, the exchange launched a special Bitfinex program. Its goal is to reward users for likes.