Tuesday, 24 September 2019

Bitcoin Cash Payment Server

Controversial people and "high-risk" merchants like Gab.com, Milo Yiannopoulos and others have been banned from custodial crypto services like Bitpay and Coinbase. This may simply be due to pressure from credit card companies and banks. Nevertheless, we need an open source self hosted way to accept Bitcoin Cash as payment on any website.

Since BTCPayServer is run by the anti-BCH crowd, it seems they will not accept Bitcoin Cash to be integrated as a payment option.

We don't need them! They are funded by censorious Jack Dorsey types who want to destroy peer to peer cash for the world to crush the ability of crypto to liberate humanity from governments, slavery, war, and to usher in world peace and freedom.

Someone should either fork their code or create an even better product from scratch.

Basic Features:

  • Open Source
  • No KYC Required
  • Runs on your own server
  • Hosts a wallet with a seed phrase
  • Unique address used for each payment
  • REST API monitoring of transactions

Additional Possibilities:

  • BIP70 Compatible (can be turned on or off)
  • Can operate as SPV or can download the entire blockchain (or only UTXOs?)
  • Doubles as a REST API server to get status on different pending transactions (uses authentication token)
  • Monitor a given address and deliver updates
  • Could utilize the free Bitcoin.com REST somehow?
  • REST API call that will send a certain amount of BCH to a desired address (Could be used for website payouts, escrow, and refunds)
  • Cash Shuffle and Coin Fusion built into the wallet

After the basic features are implemented, others can work on integrating for eCommerce platforms like WooCommerce. This could be used by companies to manage payments for any kind of Bitcoin Cash service or implementations like micropayments and paying users revenue. And developers wouldn't have to deal with Segwit or Lightning Network, so it would be easier to build and maintain. And other coins do not need to be implemented (BTCPayServer can handle them).

Many companies have built similar systems internally but nobody has built an open source version to my knowledge. Someone should create a bounty to fund this project. I will donate!

submitted by /u/juliushenkin
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source https://www.reddit.com/r/btc/comments/d8f8kb/bitcoin_cash_payment_server/

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