Introducing: Speed — ego death capital \ stacker news ~bitcoin

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Introducing: Speed — ego death capital egodeath.capital/blog/introducing-speed

788 sats \ 14 comments \ @siggy47 17h bitcoin

Any opinions positive or negative on this company? I don't love that Tether is involved, but they seem to be involved in everything lately.

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91 sats \ 0 replies \ @Scoresby 11h

Here is the Tether press release announcing their investment in Speed:

Speed integrates tightly with the Lightning Network while enabling stablecoin settlement for users and merchants who require price stability. This combination reduces friction for cross-border transactions, creator payouts, merchant payments, and platform-level settlement.

It's interesting that Speed is using Taproot Assets rather than RGB. I'm pretty sure RGB is mostly Tether-backed, while I don't think Tether is directly involved in Taproot Assets (which is Lightning Labs)

36 sats \ 1 reply \ @Bell_curve 5h

I received an email from them today, I assumed it was junk/spam

0 sats \ 0 replies \ @Bell_curve 5h

The Founders Raj Patel and Jay Patel are serial entrepreneurs and lifelong technologists. Their previous startup, Orderhive, is a global SaaS automation platform that streamlined e‑commerce operations for thousands of merchants worldwide. Orderhive grew rapidly and achieved a successful acquisition exit. Raj and Jay gained invaluable insight into how slow settlements and fragmented payment systems still limit global commerce, and their passion for Bitcoin led them to tackle the problem by building Speed.

I am not impressed by the founders

147 sats \ 0 replies \ @Coinsreporter 14h

BTW Speed was the first to launch USDT on lightning Network.

They say they are making Bitcoin accessible to the whole world by doing so.

164 sats \ 0 replies \ @Lux 17h

36 sats \ 0 replies \ @ca 6h

Seems fishy. Not gonna lie. 1.2 million users? I am not buying it.

78 sats \ 0 replies \ @KenyaCoin 15h

they seem to be involved in everything lately

Yup....

Tether is also a backer of a (KYC) wallet called Sorted.

https://www.sorted.io/about

What's unique is they build android to work on older releases of Android as well, which is nice because there are many older smartphones still in use in the Global South. And they support KaiOS feature phones, which are surprisingly affordable.

Also lets you convert to (but not from) local fiat using mobile money as well.

I've not installed it because it requires KYC, but they claim LN support is coming (if not arrived already, haven't checked). And Tether Gold, as well as Liquid, and more.

36 sats \ 2 replies \ @BlokchainB 15h

Never used speed wallet but the growth numbers look good

77 sats \ 1 reply \ @siggy47 OP 14h

I think that's the payment processor that Steak n Shake uses, right?

103 sats \ 0 replies \ @Coinsreporter 14h

Yes

36 sats \ 0 replies \ @Aeneas 11h

They tried to claim the market share Wallet of Satoshi left when it fled the USA.

Something about it always felt off

47 sats \ 0 replies \ @Fenix 16h

They have XAUT and other tokens and shitcoin. I used in the beginning, low fees and very stable, but I moved on. Keep away.

36 sats \ 0 replies \ @byzantine 16h

yeah seems suspicious

0 sats \ 0 replies \ @Scoresby 11h

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