Replying to Avatar Flix

It's interesting how banking apps like Revolut have gradually adopted Bitcoin.

1st allowed buy/sell bitcoin within closed system.

2nd allowed withdrawals to external wallet.

3rd allowed deposits from external wallet.

Next: Lightning Network integration.

This process has been similar in Paypal and others. It's interesting because I believe that traditional banks will copy it on their apps. Then, suddenly, we will find that a majority of the adult population will have a bitcoin app by default. Once that critical mass is reached... Bitcoin payments and circular economy can begin to take off.

When Bitcoin is widely accepted for payments... many people will start to question: why have a bank account at all? All I need is a Bitcoin wallet!
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IntuitiveGuy☯️ 11mo ago 💬 1

Where did you read about Lightning integration? 👀

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Flix 11mo ago 💬 1

I did not. That is my prediction, based on what happened with Bitcoin exchanges.

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Flix 11mo ago 💬 1

https://github.com/theDavidCoen/LightningExchanges

For lightning network ⚡️ exchanges were initially very hesitant. Bitstamp and Bitfinex pioneered, then all followed. Even Binance and Coinbase.

These two heavily resisted because of their shitcoin business and propietary payment systems (Binancepay, etc).

But the network effect and power of open protocols won out.

It's an interesting case study.

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Flix 11mo ago

btw congrats on that nostr:npub149mp2m0q8prpdys7x2lusv2vceraxwzr4ajf6tv3l24my3gtszxsncas0t I followed that github a lot back in the day!