Through a partnership with Wyre, DropBit operator Coin Ninja has announced that users of the app can now purchase bitcoin using Apple Pay or Google Pay.

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Buy Bitcoin on DropBit With Apple Pay, Google Pay - Bitcoin Magazine

https://bitcoinmagazine.com/articles/users-can-now-buy-bitcoin-on-dropbit-using-apple-pay-or-google-pay/project_-_sketch_1_110

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On November 5, 2019, Bitcoin-focused product hub Coin Ninja <a href="https://medium.com/@coinninja/buy-bitcoin-with-apple-pay-google-pay-on-dropbit-564b44c22659">announced that</a>, through a collaboration with cryptocurrency payments company Wyre, users can now buy bitcoin directly on the DropBit app with Apple Pay and Google Pay.



Coin Ninja calls DropBit its “Venmo for bitcoin,” a bitcoin wallet and payment service particularly designed to help Bitcoiners send BTC to those who don’t own any. And it positioned this announcement as progress in its efforts to make DropBit the fastest and easiest on-ramp for bitcoin.



Coin Ninja claimed that bitcoin purchases can take less than two minutes from installation to completion and that the integration is easy for even nontechnical users to leverage. It also noted a purchasing cap of $500 worth of bitcoin and that purchased bitcoin loads directly into a DropBit wallet.



The announcement also highlighted that there are no KYC requirements for using the new feature (though using Apple Pay or Google Pay would presumably mean that a purchaser has already provided this information).



<h2>DropBit Lightning Support</h2>



DropBit has been undergoing major upgrades over the past several months. In October 2019, the wallet added <a href="https://bitcoinmagazine.com/articles/dropbit-adds-lightning-network-support">support</a> for the Lightning Network, allowing users to conveniently send low-fee micropayments even to those who do not have wallets set up on the Lightning Network proper.



“The DropBit wallet is about sending frequent, smaller Bitcoin transactions in the easiest way possible,” Kyle Stalzer, head of product at Coin Ninja, told Bitcoin Magazine at the time. “You don't need a long abstract wallet address — you simply need someone's phone number or Twitter handle to send — even if the recipient has never owned bitcoin previously.”



This most recent announcement added that, in addition to the added ability to buy bitcoin, DropBit “just recently released version 3.0 with a locked preview of Lightning Network for all users.”&nbsp;The company will be offering ways for users to receive full, unlocked functionality over the next several days via its <a href="https://twitter.com/dropbitapp">Twitter</a> profile.

Bitcoin Magazine provides news, analysis, information, commentary and price data about Bitcoin.

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Landon Manning is an editorial intern at BTC Media and writes articles for its publications, including Distributed.com and Bitcoin Magazine.

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Buy Bitcoin on DropBit With Apple Pay, Google Pay

Buy Bitcoin on DropBit With Apple Pay, Google Pay page sep sitename

On November 5, 2019, Bitcoin-focused product hub Coin Ninja announced that, through a collaboration with cryptocurrency payments company Wyre, users can now buy bitcoin directly on the DropBit app with Apple Pay and Google Pay. Coin Ninja calls DropBit its &ldquo;Venmo for bitcoin,&rdquo; a bitcoin wallet and payment service particularly designed to help Bitcoiners send BTC to those who don&rsquo;t own any. And it positioned this announcement as progress in its efforts to make DropBit the fastest and easiest on-ramp for bitcoin. Coin Ninja claimed that bitcoin purchases can take less than two minutes from installation to completion and that the integration is easy for even nontechnical users to leverage. It also noted a purchasing cap of $500 worth of bitcoin and that purchased bitcoin loads directly into a DropBit wallet. The announcement also highlighted that there are no KYC requirements for using the new feature (though using Apple Pay or Google Pay would presumably mean that a purchaser has already provided this information). DropBit Lightning Support. DropBit has been undergoing major upgrades over the past several months. In October 2019, the wallet added support for the Lightning Network, allowing users to conveniently send low-fee micropayments even to those who do not have wallets set up on the Lightning Network proper. &ldquo;The DropBit wallet is about sending frequent, smaller Bitcoin transactions in the easiest way possible,&rdquo; Kyle Stalzer, head of product at Coin Ninja, told Bitcoin Magazine at the time. &ldquo;You don&#039;t need a long abstract wallet address &mdash; you simply need someone&#039;s phone number or Twitter handle to send &mdash; even if the recipient has never owned bitcoin previously.&rdquo; This most recent announcement added that, in addition to the added ability to buy bitcoin, DropBit &ldquo;just recently released version 3.0 with a locked preview of Lightning Network for all users.&rdquo;&nbsp;The company will be offering ways for users to receive full, unlocked functionality over the next several days via its Twitter profile.

Landon Manning is a writer for Bitcoin Magazine.

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https://bitcoinmagazine.com/articles/users-can-now-buy-bitcoin-on-dropbit-using-apple-pay-or-google-pay

DropBit is updating its app to allow users to send bitcoin via the Lightning Network.

DropBit Adds Lightning Network Support - Bitcoin Magazine

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<a href="https://dropbit.app/#top">DropBit</a>, a bitcoin wallet and payment service provided by CoinNinja, allows you to send bitcoin to people who don’t own any. Now, it’s using Lightning Network to beef up its self-stylized role as the Venmo for bitcoin.



Revealed exclusively to Bitcoin Magazine ahead of a public announcement, the DropBit app has built out its own integration for the Lightning Network. As part of the app’s 3.0 update, this Lightning Network compatibility will allow users to send Lightning payments to folks who aren’t using the secondary network yet (or Bitcoin at all). DropBit will roll out the new integration on a case-by-case basis with its beta program in the coming months.



<h2>How It Works</h2>



To bring the Lightning Network to its service, DropBit opens up a channel for user B and deposits the funds user A sent them into the channel. As in the case of on-chain bitcoin drops on the app, once the new user verifies their information, they can claim their bitcoin.



“The DropBit wallet is about sending frequent, smaller Bitcoin transactions in the easiest way possible,” Kyle Stalzer, head of product at CoinNinja, told Bitcoin Magazine. “You don't need a long abstract wallet address — you simply need someone's phone number or Twitter handle to send — even if the recipient has never owned bitcoin previously.”



With Lightning, DropBit will have more flexibility to accommodate low-fee micro-payments.



“Adding Lightning Network support makes these small sends more economically viable,” Stalzer said. “You can send bitcoin for next to no fee with Lightning, a critical piece on the value proposition of using bitcoin as a transactional currency.”&nbsp;



<figure class="wp-block-image"><img src="https://btcmagprod.wpengine.com/wp-content/uploads/2019/10/Lightning-is-here-1024x623.png" alt="" class="wp-image-37014" /></figure>



When you send someone bitcoin on DropBit, they’ll receive an alert regarding your payment and, once they sign up for the service, the payment will automatically be deposited into their wallet once it is activated.



With the 3.0 release, DropBit is now SegWit-enabled. It also modified its seed phrase scheme.



While DropBit’s Lightning Wallet isn’t available for use just yet, you’ll be able to see the UI and UX in this release. DropBit will begin by unlocking the Lightning Network features for select participants in a beta program before taking it fully public (you can <a href="https://twitter.com/dropbitapp">tweet at them on Twitter</a> if you’d like to test it out).

Colin is an associate editor and staff writer for Bitcoin Magazine. He&#39;s proud to call Nashville his home, where he lives with his family and doesn&#39;t eat hot chicken as much as you might think.

Colin Harper

DropBit Adds Lightning Network Support

DropBit is updating its app to allow users to send bitcoin via the Lightning Network, increasing its bid to become the Venmo of Bitcoin.

DropBit Adds Lightning Network Support &raquo; Bitcoin Magazine

DropBit, a bitcoin wallet and payment service provided by CoinNinja, allows you to send bitcoin to people who don&rsquo;t own any. Now, it&rsquo;s using Lightning Network to beef up its self-stylized role as the Venmo for bitcoin. Revealed exclusively to Bitcoin Magazine ahead of a public announcement, the DropBit app has built out its own integration for the Lightning Network. As part of the app&rsquo;s 3.0 update, this Lightning Network compatibility will allow users to send Lightning payments to folks who aren&rsquo;t using the secondary network yet (or Bitcoin at all). DropBit will roll out the new integration on a case-by-case basis with its beta program in the coming months. How It Works. To bring the Lightning Network to its service, DropBit opens up a channel for user B and deposits the funds user A sent them into the channel. As in the case of on-chain bitcoin drops on the app, once the new user verifies their information, they can claim their bitcoin. &ldquo;The DropBit wallet is about sending frequent, smaller Bitcoin transactions in the easiest way possible,&rdquo; Kyle Stalzer, head of product at CoinNinja, told Bitcoin Magazine. &ldquo;You don&#039;t need a long abstract wallet address &mdash; you simply need someone&#039;s phone number or Twitter handle to send &mdash; even if the recipient has never owned bitcoin previously.&rdquo; With Lightning, DropBit will have more flexibility to accommodate low-fee micro-payments. &ldquo;Adding Lightning Network support makes these small sends more economically viable,&rdquo; Stalzer said. &ldquo;You can send bitcoin for next to no fee with Lightning, a critical piece on the value proposition of using bitcoin as a transactional currency.&rdquo;&nbsp; When you send someone bitcoin on DropBit, they&rsquo;ll receive an alert regarding your payment and, once they sign up for the service, the payment will automatically be deposited into their wallet once it is activated. With the 3.0 release, DropBit is now SegWit-enabled. It also modified its seed phrase scheme. While DropBit&rsquo;s Lightning Wallet isn&rsquo;t available for use just yet, you&rsquo;ll be able to see the UI and UX in this release. DropBit will begin by unlocking the Lightning Network features for select participants in a beta program before taking it fully public (you can tweet at them on Twitter if you&rsquo;d like to test it out).

DropBit Adds Lightning Network Support page sep sitename

Colin is an associate editor and staff writer for Bitcoin Magazine. He's proud to call Nashville his home, where he spends his days shouting at peddle taverns and trying to find affordable parking downtown. If it wasn't already obvious, he holds bitcoin.

https://bitcoinmagazine.com/articles/dropbit-adds-lightning-network-support

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Users Can Now Buy Bitcoin on DropBit Using Apple Pay or Google Pay

DropBit Adds Lightning Network Support