Ordinals Inscriptions specializes in creating digital signatures for documents and transactions using blockchain technology. One of their main products is Ordinals Sign, a platform that allows users to sign and verify contracts, invoices, receipts, and other documents with Bitcoin.
Ordinals Inscriptions is unraveling more use cases for Bitcoin beyond digital signatures. In a recent blog post, the company announced that it is developing a new service called Ordinals Pay, which will enable users to make and receive payments in Bitcoin with low fees and high security.
Ordinals Pay will leverage the Lightning Network, a second-layer solution that aims to improve the scalability and speed of Bitcoin transactions. The Lightning Network allows users to create channels of payments between each other, without having to broadcast every transaction to the main blockchain. This reduces the congestion and costs of the network, while maintaining its decentralization and security.
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Ordinals Pay will allow users to create and join payment channels with other users or merchants, and send and receive Bitcoin instantly and cheaply. Users will also be able to use Ordinals Sign to sign and verify their payment requests and invoices, creating a seamless and trustworthy payment experience.
Ordinals Inscriptions believes that Ordinals Pay will open up new possibilities for Bitcoin adoption and innovation. The company stated that Ordinals Pay will be compatible with any Lightning Network-enabled wallet or service, and that it will also integrate with other platforms and applications that use Ordinals Sign.
Ordinals Inscriptions is planning to launch Ordinals Pay in the second quarter of 2023. The company invites interested users and partners to sign up for early access on their website.
