Global Feed Post Login
Replying to Avatar OzzyHB

Could cashu or fedimint also be used to issue stable coin tokens? I'm trying to think of a way to use this tech for festivals.

Ideally..

* festival goers buy cashu tokens (could just be SATs, but to get agreement from stallholders festival management, sat to dollar ratio would need to be locked for length of festival).

* NFC chips in wristbands could be used for purchasing food etc at stalls.

* mobile phone app used to check balance of NFC band, lock it, unlock it, set spend limits.

* tokens could be redeemed for bank deposits at end of festival.

They had this at last festival I went to (no phone app though).

Avatar
TheBitcoinManual 1y ago

Sure fedimint were working on stability pools for those who want USD exposure, not sure how far they got with it yet, but it was really just for people who want to reduce vol exposure in the medium term

I don't see how this use case would be enough, people can just price in USD and settle on the fly and let the wallet do the conversion

Reply to this note

Please Login to reply.

Discussion

No replies yet.