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Will this be the trigger that gets migrants sending sats back home instead?
Chess not checkers...
It'll get them to use stablecoins
Stablecoins that monetize the debt with no interest
Stablecoins that keep international trade moving without the US issuing new debt
Stablecoins that necessitate digital wallets that soften the landing to Bitcoin as the new base money that institutions are accumulating
Certified spook on the O-Plan
I’m sure it will be for some. My understanding is that transactions costs are already higher than that for most remittances, though.
Transactions over lightning?
I mean the financial channels that are commonly used for remittances have transactions costs that are quite high.
Lightning would already be much cheaper and most people aren't using it.
Less commonly used, but significantly less expensive:
Non-custodial, KYC-Free, LN-based gateways that use LN:
Kenya: Tando.meTanzania: Chapsmart.comGhana: Bitspenda.appThailand: Plebqr.comBrazil: Nostrpix #894453Mexico: https://www.swapido.com/en
China also has capital controls
Arthur Hayes just wrote about about this!!
Will this be the trigger that gets migrants sending sats back home instead?
Chess not checkers...
It'll get them to use stablecoins
Stablecoins that monetize the debt with no interest
Stablecoins that keep international trade moving without the US issuing new debt
Stablecoins that necessitate digital wallets that soften the landing to Bitcoin as the new base money that institutions are accumulating
Certified spook on the O-Plan
I’m sure it will be for some. My understanding is that transactions costs are already higher than that for most remittances, though.
Transactions over lightning?
I mean the financial channels that are commonly used for remittances have transactions costs that are quite high.
Lightning would already be much cheaper and most people aren't using it.
Less commonly used, but significantly less expensive:
Non-custodial, KYC-Free, LN-based gateways that use LN:
Kenya: Tando.me
Tanzania: Chapsmart.com
Ghana: Bitspenda.app
Thailand: Plebqr.com
Brazil: Nostrpix #894453
Mexico: https://www.swapido.com/en
China also has capital controls
Arthur Hayes just wrote about about this!!