Iterative Capital plans to launch Lightning Network-based point-of-sale applications

With the help of Breez, a Lightning Network-friendly Bitcoin wallet startup, trading company Iterative Capital plans to launch a Lightning Network-based point-of-sale application called Escher in early 2020, and some retailers are already testing Beta versions. Iterative Capital managing partner Chris Dannen said the app will eventually also provide a fiat currency export through the bank app Zelle. In addition, the company is working with Silicon Valley startup Lightning Labs to eliminate certain issues in network traffic.