Coinsnap

Coinsnap in the history

In 2015, Coinsnap began processing bitcoin payments for online merchants and was one of the first bitcoin payment providers in the world with this bitcoin merchant service.

They were very far ahead with the idea, and as it turned out, unfortunately, too far ahead, because the market was not yet ready.

Bitcoin was still an investment and speculative asset at that point and was just beginning to evolve into a store of value.

The time was not yet ripe for payment transactions and thus as a means of payment.

With the advent of bitcoin payment via the Lightning Network (Lightning for short), bitcoin regained prominence as a means of payment and the idea matured to reactivate Coinsnap.

In September 2023, the new Coinsnap was released. Now focusing on processing bitcoin payments over the Lightning network and thus as a Lightning payment provider.