13 sats \ 1 reply \ @Majjin 15 Mar 2022 \ on: @nicolasburtey AMA: Building Bitcoin Banks, FOSS, USD over Lightning, Bitcoin Beach Wallet, Liquidity fee structures for wallets bitcoin
How does USD over Lightning work? Is it similar to what Strike is doing?
similar I guess, but different. AFAIK, strike use either USD in bank account or USDT depending on the jurisdiction.
Our current POC use synthetic USD. a more detailed explanation on how this works is here.
A 1h video explaining how this works in detail can be watched here
It would not be very complicated to also add the option of USD and USDT, we would need to have another dealer that would use a spot exchange instead
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