Robotics Startup Mines Bitcoin to Deliver Automated Drink

Pubinno, a San Francisco-based tech company creating the “Internet of Beer” with artificial intelligence, robotics, and cloud computing p...

Pubinno, a San Francisco-based tech company creating the “Internet of Beer” with artificial intelligence, robotics, and cloud computing platforms, has now integrated Bitcoin (BTC) payment infrastructure in its system.

Pubinno accepted BTC payments using the Lightning Network during #LightningHackdaysIST held February 25-27. Using their Lightning Network-enabled wallets, participants could receive their own poured beer seconds after completing the transaction by scanning a QR code.

According to Pubinno’s creative director, Volkan Dogan, the Smart Tap system was created in 2016 and uses blockchain technology to connect the future of draft beer with the future of transactions. Cointelegraph had the opportunity to chat with Dogan about the smart faucet system.

Dogan explained how blockchain technology influenced his decision to use the Lightning Network for payments, stating that:

“We worked on Lightning Network because it depends on the underlying blockchain technology. By using real Bitcoin/blockchain transactions and using its native smart contract scripting language, it is possible to create a secure network of participants able to transact at high volume and high speed with low fuel costs.”

The Lightning Network was created in 2015 as a proposed solution to Bitcoin’s scalability problem. It allows off-chain transactions between nodes which are then settled on the blockchain. This makes it possible to process an increased number of transactions without increasing the load on the blockchain, enabling microtransactions and instant payments.

Related: Bitcoin Lightning Network growth capacity caps at 3,400 BTC

According to Dogan, the “Lightning Network Benefits” allow bar owners to get paid in seconds with little to no commission, and with the smart tap system’s self-serve capability, they can save a lot of money. on labor costs.

When asked if they intended to include other cryptocurrencies on the smart tap system as payment, Dogan replied that it would be based on a number of variables such as l scalability, frequency of use, cost and transaction speed. He added that:

“We will determine our direction based on industry adaptation and continue to develop our infrastructure on an adaptive blockchain basis. We are also conducting feasibility studies on the development of Pubinno tokens.”

He said that “the world is in a deep-rooted phase of digitization and the fastest development is being shaped around blockchain.” Dogan called BTC the first cryptocurrency that comes to mind, but he also said that stablecoins will be integrated into the payment system in the future.