pull down to refresh
100 sats \ 3 replies \ @hyperfree 3 Jan \ on: Pierre Corbin - Founder of Flash AMA AMA
The bitcoin protocol wasn't designed to replace modern banking and payment applications. For instance you can't charge a bitcoin wallet with a recurring payment as it only allows for push payments. But that's something a lot of companies today rely on hence stripe became a very valuable fiat company. What are your thoughts how bitcoin and lightning and possibly other protocols can catch-up to the features the digital economy needs today, starting with recurring payments but also other things like apple pay.
Well, that's what we're trying to change. Although bitcoin was created only as a push payments network, ~1.5 years ago, Bumi from Alby developed a great new tech called Nostr Wallet Connect. This brings pull payment functionality to bitcoin. Which is truly groundbreaking, because it unlocked direct debit in self-custody. I think this is a game changer that will allow users developers amazing use-cases, while never holding user funds, thereby going around all current regulations, and using bitcoin the way it was meant to be used: peer-to-peer and in full self-custody.
At Flash, we're trying to build the strong use-cases that leverage this and can mimic the payment experience of direct debit in fiat. We offer recurring payments for subscriptions for example. We automate our fee capturing thanks to this too.
reply