Lil Pump, a Colombian-American rapper named as one of Forbes' 30 Under 30 this year, is now accepting bitcoin as payment on his official merchandise store, via bitcoin's Lightning Network. The bitcoin Lightning Network, a way to send and receive bitcoin transactions almost instantly and with lower fees, has been growing over the last year as bitcoin developers battle to make sure bitcoin remains competitive in an increasingly crowded crypto field. Lil Pump's move to accept bitcoin as payment is likely to give bitcoin an awareness boost shortly after a surge in the bitcoin price over recent weeks thrust cryptocurrencies back into the limelight. Surveys have shown young people to be more open to bitcoin, cryptocurrencies, and decentralized services than older groups. Lil Pump's bitcoin adoption was first spotted by LightningNetworkStores, a website that monitors businesses that accept bitcoin via the Lightning Network.

Source: Forbes April 25, 2019 05:50 UTC