Subway Accepts Bitcoin Payments Via Lightning Network
Milestone Date: November 9, 2022
Subway, the largest franchise in the world, is back at it again with Bitcoin. A few franchise locations in Berlin, Germany are running trials using the Bitcoin Lightning Network to accept payments.
Since using the Bitcoin Lightning Network to accept payments, the franchise owner has recorded 120 transactions over the past few months. “Five years ago, I started to deal with cryptocurrencies; and in the last two years, I have dealt very intensively with the topic of Bitcoin. With that in mind, I’ve decided that [Bitcoin] could be the better money system,” said Daniel Hinze, the Berlin Subway franchise owner.
To encourage customers to make purchases with Bitcoin, Hinze is offering 10% off all footlongs, meatball marinaras, and cookies paid for with Bitcoin. When the campaign started, he offered 50% off all orders paid with Bitcoin for the first week.
The Bitcoin Lightning Network provides customers with faster settlement times and lower fees thanks to the peer-to-peer network of payments.
By Elizabeth Morrison
Published:November 9, 2022