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115 sats \ 5 replies \ @benthecarman 19 Jan
We had something like this when I was at Suredbits and it never really got off the ground. Lightning doesn't have enough adoption and it doesn't really solve a problem here. Users are happy to link a credit card and settle up at the end of the month
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0 sats \ 4 replies \ @037447d9ca 19 Jan
Not all users are happy with credit cards. How is it not solving a problem for the unbanked?
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105 sats \ 0 replies \ @benthecarman 19 Jan
You're not wrong, but apis are normally paid for buissnesses that have banking. The market isn't very large for paid apis for unbanked people
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22 sats \ 2 replies \ @freetx 19 Jan
Using LN for this encounters too many technical / logistical problems.
API that stops working because your LN channel is not balanced correctly, and then needing to pay $50 to rebalance channel to earn $.005 per API call is not worth it.
The unbanked may not even be able to afford the channel open / close fees....so....
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20 sats \ 0 replies \ @037447d9ca 19 Jan
Being unbanked does not mean being poor.
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0 sats \ 0 replies \ @rblb 19 Jan
deleted by author
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163 sats \ 1 reply \ @freetx 19 Jan
I think eCash could be a better fit for these. Publishers and Consumers of API join same mint, fund with LN, then consumer passes eCash token to Publisher for access.
The problem using LN in such scenarios is routing fails enough to make it unusable (even if routing only fails 5% of time, for a commercial service it becomes unusable)
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52 sats \ 0 replies \ @rblb 19 Jan
Indeed, this seems like the perfect use case for cashu/fedimint , maybe sulu could be the mint here, since you are already giving trust to the service anyway.
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21 sats \ 0 replies \ @037447d9ca 19 Jan
Isn't this just Aperture SaaS?
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