0 sats \ 2 replies \ @nout 17 Sep 2022 \ parent \ on: Why Strike still has no Lightning Address support? bitcoin
Yeah, it would have to be slower partnership building. It seems that Strike is sort of hacking around that problem. I think PayPal uses 3rd party forex, but I'm not sure (PayPal charges 4.5% fee for conversion service). But for example Wise is the exchange that's matching the sides.
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0 sats \ 1 reply \ @DarthCoin 17 Sep 2022
Bitcoin was created EXACTLY to avoid all these, remember? Bitcoin wasn't created to just have another paypal...
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1 sat \ 0 replies \ @nout 17 Sep 2022
Totally, when the economy is in bitcoin, then all of the problems that Strike is solving go away automatically (some new problems will show up, but that's a different story). The question from @fiatjaf was about why is it using bitcoin for fiat transfers, and so that's why I tried summarizing the reasoning behind that.
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