CoinGate, the cryptocurrency payments company, announced on July 10 the launch of a pilot program that will allow more than 100 online stores and sites to accept bitcoin payments using the Lightning Network.
In a statement made public on the official website, CoinGate revealed the list of companies that have joined this program. There is a wide range of merchants ranging from ticket vendors, events web services such as VPN or dedicated servers, to restaurants, sporting goods stores, and adult movie sites.
In this pilot, according to the announcement, CoinGate offers its partners the guarantee to cover any loss they might experience in case of errors in the implementation of the protocol or the network itself. Which provides a certain level of confidence both to its users and to the merchants who have agreed to participate, to take a step forward and test this technological advance.
CoinGate has shown a broad interest in implementing the Lightning Network for quite some time. A couple of months ago it had already enabled a tool which lets the users test the LN. With the test network, they have been evaluating the possibility of launching the recent pilot. In fact, this is one of the first bitcoin payment processing platforms to adopt this technology and manage one of the 2,488 LN nodes. This, due to the growth experienced by this network, represents around 1% of its payment routing capacity.