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193 sats \ 2 replies \ @SimpleStacker 17 May \ on: Kenya’s Tando Turns 40 Million M-Pesa Mobile Numbers into Bitcoin Addresses bitcoin

How does "not your keys not your coin" fit into this? Mobile numbers can be spoofed?

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43 sats \ 0 replies \ @KenyaCoin OP 17 May

The company handling the LN service (Tando.me) processes the LN payment by converting to fiat (KES), and delivering that fiat immediately to the mobile money wallet for that phone number from the Lightning Address.

There are 40 million mobile money accounts for the mobile money service M-Pesa (from Safaricom), in Kenya.

There are no keys to the recipient of the payment, they don't even have to know what bitcoin is. They might not even know who sent, or why. The (fiat) funds just appear.

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145 sats \ 0 replies \ @optimism 17 May

It doesn't fit into this.

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