Instead of writing down your recovery phrase on paper, the Billfodl makes it easy to create a stainless steel copy of your seed. This makes your seed more immune to fire, water and other extreme dangers.
Billfodl’s website states that part of the company’s mission is to help “grow and test Lightning Network”. Naturally, the company has caught the eye of Bitcoin enthusiasts.
According to Bryan Aulds, the company’s CEO, accepting payments through Lightning has been a success.
10% of our orders are over the Lightning Network
Aulds and Billfodl are happy to leave all of their channels open to support the network.
We currently have 10 channels with 725,555 satoshis of capacity. We leave open all channels, but most of our customers have used the EClair wallet, which seems to close the channel after payment.
Lightning is still in its early days. But according to Aulds, solutions like BTCPay Server are already making things easier for merchants that want to accept Lightning payments.
We now run a BTCPayServer to accept payments. This is MUCH easier to set and keep running than our first C-lightning implementation, a stand alone Docker node. It also has a built in Point Of Sale system (billfodl.com/lightning) that keeps us from having to manually generate invoices via command line.
BTCPay Server also supports Segwit, gives merchants full control over funds and doesn’t force users to use BIP70.
Aulds also notes that any merchants struggling to setup BTCPay can get help:
If you need any help, get on the “Fork Bitpay” slack. There are always people on there if you have questions.