Crypto Payment Firm Bitfinex Pay Integrates with Liquid Protocol’s Settlement Network

Announcements, News | October 8, 2021 By:

Digital token payment technology provider Bitfinex Pay has added Liquid Bitcoin (L-BTC) and Tether (USDt) on the Liquid protocol.

Liquid is a sidechain-based settlement network that enables Bitfinex Pay with the ability to process faster Bitcoin transactions. L-BTC and USDt are special types of asset on the Liquid sidechain, with a supply that is verifiably backed 1-to-1 with BTC and USDt, respectively.

“Bitfinex Pay is revolutionizing digital payments and I expect a ready uptake of Liquid Bitcoin and Liquid Tether among our growing user base,” said Paolo Ardoino, CTO at Bitfinex Pay. “Tech-savvy Bitfinex Pay customers will appreciate having access to these digital assets as we continually improve our user experience.”

The Bitfinex Pay widget can be integrated on to a website facilitating online payments. Users can pay with Ethereum (ETH), bitcoin, Lightning Network BTC (LN-BTC) and Tether tokens via Ethereum or Tron. Payments made via Bitfinex Pay will be directly deposited into a merchant’s exchange wallet on Bitfinex.

Customers of a merchant that has integrated the payment technology simply click on the Bitfinex Pay button to be seamlessly directed to the Bitfinex payment gateway. After payment is made using a cryptocurrency accepted by the merchant, a customer will be redirected back to the merchant’s website.