Canadians with a Bitcoin Well account can now pay bills with bitcoin via the Lightning Network. Typical household bills, like hydroelectricity, phone bills or even credit cards can now be paid quickly, securely and cheaper thanks to our newly added support for the Lightning Network. And best of all, it’s all done with bitcoin in self custody.
Goodbye banks, hello bitcoin standard
Bitcoin Well equips its customers with the tools and knowledge to fully live on a bitcoin standard and take control of their bitcoin to enable maximum independence.
Traditional banks present a trade off: increased bill payment and deposit convenience while giving up custody of your assets.
Bitcoin Well now enables the same instant and fast bill payment capabilities as a bank, but facilitated with bitcoin in self custody! Both on the main Bitcoin blockchain and with bitcoin via the Lightning Network. Now Bitcoin Well customers can retain total custody over their bitcoin and pay virtually any bill!
...read more at bitcoinwell.com
pull down to refresh
related posts
I don't trust this kind of middleman service without knowing where the bitcoins I give them are going. Once I hand them over, they're theirs, it doesn't really matter, but if I can give them to someone who won't turn them into a pile of backing for some bullshit, that's better.
It’s almost 100% sure these bitcoins will be converted into fiat, but since there’s no better option, it seems like a good alternative. I’d only use this service if I didn’t have any fiat to spend!
Yeah, that works; my dear, they're the ones who'll be getting this bitcoin in exchange for fiat.
That's why I need to set aside some fiat because I don't trust these services and I still get paid in fiat; soon I'll be receiving in ₿ and I'll have someone to pay fiat for me in exchange for my bitcoin. Since getting paid in bitcoin is further off, I'm working on finding someone close by to broker my bitcoin or even use my fiat payment to do this bitcoin intermediation.
Here you go @DarthCoin. When bull bitcoin stops working now you can use bitcoinwell!!
Looks like it's only for people in Canada. Or am I wrong?
No Americans yet. But strike you can somewhat do this they give you a checking account and routing number and they can pay any ACH bill via your Bitcoin balance
That means you are literally this: giving your sats to the Strike Fiat Pimp
and he just do this:
Nope. I still prefer to use my friends when I cannot pay a merchant in sats.
And BitcoinWell works only in US/CA.
You still have to learn when to use these services... are not meant to be used for everything.
This is huge, Finally, a practical way to live on a Bitcoin standard without giving up custody. Paying bills instantly over Lightning feels like a real step toward financial independence. Can’t wait to see more people ditch the banks for self-custody.
deleted by author