Developer and researcher Felix Weis successfully executed, as a proof-of-concept, the world’s first ATM Bitcoin transaction on the Lightning Network.
World’s First Lightning-enabled Bitcoin ATM ‘Worked Fine’
On March 31, 2019, Weis publicly demonstrated a transaction via Lightning Network at a bitcoin ATM, during the Lightning Hackday, in Hong Kong, as shown in the video below.
Rockstar @FelixWeis buying bitcoin via Lightning at an ATM. #LightningHackdayHK at @bitworkasia pic.twitter.com/VmsK2GSaB2
— Bitcoin Association (@bitcoinorghk) March 31, 2019
Later, Weis described the transaction as:
Just a proof of concept ‘top up your existing channel.’ Lots of bugs but two different mobile wallets worked fine.
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The crypto industry is becoming increasingly enthusiastic about the Lightning Network because it offers to drastically lower BTC’s transaction fees while making it possible to execute near-instant transactions.
Moreover, the demonstration of making ATM…