Yeah, micropayments are cool
Only if you don't have to make them manually
Problem:
Paying Lightning Network invoices manually requires multiple steps
LN payments UX is currently tedious.
Doesn't allow certain use-cases like fast payments without user interaction.
Our use-case
What if a website wants to get paid instantaneously and trustlessly to provide content in real-time?
Example: Netflix
Would like to send the video in pieces and get paid real-time
Components
Merchant
- A front-end allowing users to buy stuff with LN
- A library to create and send invoices to the user; interfaces with lightning-rpc.
- LN node
User
- Chrome extension: receives invoices from the websites that you must approve (customizable)
- engine: the layer which approves or denies payments and interfaces with lightning-rpc
- LN node
How it works
- Bob installs MicroBolts chrome extension and approves it on his local configuration (with a daily msatoshi limit)
- Bob goes on the merchant website
- The extension asks Bob to allow instant payments for that website
Continuous payments
One-click payments
Logic of the demo
Host authorization
(you can enable auto-payments)
One-click payment
We have a working demo 💪💪
see you later…