Blink wallet and its benefits, have you tried them?
194 sats \ 3 comments \ @BTCLNAT 11 Oct bitcoin
It is not typical of the Bitcoin community to suggest the use of custodial wallets, we must always remember: NOT YOUR KEYS, NOT YOUR BITCOIN. But there are times when for technical, economic or other reasons we have had the need to use one of these wallets. Wallet of Satoshi is one of them and probably one of the most popular, but today I am going to comment on the Blink wallet.
A wallet widely used in some circular economies thanks to its ease of use, it also offers a Lightning address, a point of sale and something very useful for those who fear the fall in the price of Bitcoin, StableSat, where we can deposit our SATs with the current value and if the price falls it is not affected, but this same option allows us to do a kind of trading within the wallet, that is, we can swap within the wallet and take advantage of the volatility of the Bitcoin price at certain times.
Blink is a good option for those who at some point need a custodial wallet and are concerned about price volatility, always carry the bare minimum and always remember, Not your keys, Not your Bitcoin.
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I hadn't seen this post. There are some things that have already changed. One of them is that even though it is true that to create the account you need a phone number, which is solved with SMSPool, after the account is created you link an email, I don't have to explain that it will only be for that use, and then delete the number that is used to create the account.
To create an invoice it can be done in SATs or in USD, one can choose. You can also choose whether to receive it in the StableSat (USD) account or in the BTC account, this is useful for those who are concerned about the volatility of Bitcoin and also for those who want to take advantage of this option to do their trading and earn their SATs.
A wallet that had some trading in the wallet was the late 10101 wallet, which was self-custody, with a future trading system and exchange to USDT.
The Blink wallet is being widely used by merchants who have neither the technical knowledge nor the financial means to use other options, but who are nevertheless trying hard to adopt Bitcoin into their economy. I wish we could all have the possibility of having a private Lightning node and sharing it with others to help, I wish we all had the possibility of living in countries where we could simply buy the essentials we need to survive and also be able to buy Bitcoin, I wish we could collect our SALARY in Bitcoin and not in shitty fiat. But not all of us have that possibility, but we continue to do our best to free ourselves. Even if for some this does not seem enough.
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