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0 sats \ 2 replies \ @standard_sats 18h \ parent \ on: Is South Africa Really Leading in Bitcoin Usage (Replacing Fiat) for Retailers? bitcoin
Hi Anon, check out our not-so-new Lightning implementation called "Fiat channels". This solution allows merchants to actually opt in and not need to constantly swap to fiat currencies.
It enables the creation of a stable value asset on Lightning, backed by Bitcoin. It is an option for merchants who are skeptical about Bitcoin's price volatility (almost all merchants, anyway), but still keep them accepting and transacting with Sats on the Lightning Network, and yes, completely anonymously!!
This solution has been integrated into Valet, a self-custodial, Bitcoin/Lightning wallet. Valet is a fork of the popular Simple Bitcoin Wallet (SBW)
You can read more here
https://standardsats.github.io/ https://github.com/standardsats/fiat-channels-rfc https://github.com/standardsats
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0 sats \ 1 reply \ @DarthCoin 16h
Remove the crap fiat channels and bring back the hosted channels. Only that will make Valet a real BTC wallet and will get more attention.
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0 sats \ 0 replies \ @standard_sats 7h
Thank you. We plan to bring hosted channels, yes.
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