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Lightning Network support for Bitcoin payments

WebMoney Merchant service has extended its payment functionality in BTC – sellers can now accept payments through the Lightning Network.

Funds are transferred instantly, and the commission is significantly reduced.

For merchants already accepting Bitcoin in WebMoney Merchant, the option to pay through the Lightning Network will automatically appear.

At the same time, the buyer does not need to be registered in WebMoney system. It is enough to choose Bitcoin and then Lightning Network when paying. Then, if necessary, top up the balance and scan the QR code through the application that supports this protocol (Wallet of Satoshi, Breez, BLW, Eclair Mobile, ZapTippin.me, etc.).

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The upper limit for withdrawal of BTC, BCH, LTC, BTG, BSV has been increased, with no additional verification required

The Guarantor has lowered the restrictions on the withdrawal up to 0.6 BTC, 15.0 BCH, 100.0 LTC, 200.0 BTG and 30.0 BSV.

The increased limits with no additional verification are applicable to WebMoney purses (WMX, WML, WMH) and instruments on the INDX Internet exchange.

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Announcement for WebMoney system participants using WMX purses

Due to the uncertain situation around changes within the Bitcoin chain protocol, the exchange of WMX title units for Bitcoin will be postponed and the number of confirmations required for the exchange of Bitcoin for WMX will be increased to 30 one day prior to the expected formation of 494,784 block of the Bitcoin chain.

The WMX Guarantor will operate on these terms for a minimum of two weeks or up until the situation is stabilised. During this period we recommend that you conduct all settlements with your counterparties using WMX-purses only within the system.

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