reply on: Lightning to bank in 1 minute - Why and what does it mean to the community? \ stacker news ~lightning

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200 sats \ 7 replies \ @398ja 23 Feb freebie \ on: Lightning to bank in 1 minute - Why and what does it mean to the community? lightning

Freaking amazing! Are there any limits on the amounts that can be processed, i.e. per tx, per period of time?

100 sats \ 0 replies \ @south_korea_ln 23 Feb

That's the key question indeed ;)

50 sats \ 4 replies \ @prashanthc OP 23 Feb

Minimum id 25 Euros right now and up to 15k Euros ( we support on chain transfer too).

We can lower the limits up to 10 Euros.

100 sats \ 0 replies \ @398ja 23 Feb

Mind-blowing! :bowing in admiration:

0 sats \ 2 replies \ @south_korea_ln 23 Feb

That's pretty cool. Curious to see how this develops and how things will evolve with the implementation of the MICA regulations... part of the proposed rules includes that each of the wallets a bank interacts with needs to be KYC'd in some way, no?

0 sats \ 1 reply \ @prashanthc OP 23 Feb

This is still not certain. There is a lot more to MICA that is yet to be confirmed. However, we are currently using other services (VASP in Estonia). VASP in Estonia has recently been revamped, is MICA-like, and is almost on par with what MICA expects from a license.