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10 sats \ 3 replies \ @ama 21 Jan 2024 \ on: Best way to receive recurrent payments? bitcoin
You could use some layer 2 solutions, like LNurl or LN addresses on Lightning Network; or Liquid, which has confidential transactions. I'm not aware of any layer 1 solution which doesn't involve setting up your own server or exposing your xpub. Perhaps PayNyms? (I haven't looked at them in enough depth to be sure.)
I wish MWEB, which is already running in Litecoin and has confidential transactions as well, would be added to Bitcoin at some point. It's a layer 1 solution and very easy to use.
I have just found out that @lunaticoin has just published a couple of minutes ago an episode of his podcast about this very topic, alas in Spanish: https://invidious.nerdvpn.de/watch?v=eJajAawTirM.
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After listening to the detailed description of PayNyms on the podcast, I'm afraid it might not be convenient for the OP project, since it might be a little too expensive, or need trust to a third party to make it cheaper.
It could be convenient for high amount transactions or very sensitive transactions where paying higher fees (due to the use of op_return) might be acceptable for the senders, though.
Let's hope for MWEB...
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Thanks.
Liquid is not BTC.
Lightning address is one of the best option for now, I guess
PayNyms I don't know many people who use it.
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