Nostr Web Client

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!

Reply to this note

Please Login to reply.

Discussion

IntuitiveGuy☯️ 11mo ago 💬 1

Where did you read about Lightning integration? 👀

Flix 11mo ago 💬 1

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

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.

Flix 11mo ago

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

Flix 11mo ago

Sure, I would love it to happen differently. For people to do their own research and start with self custody and p2p buying and selling.

But the way the world works is that most people will accept a service from a provider that they already know and trust. For most people right now that is a bank. The extra trust needed to buy Bitcoin from the bank that holds your fiat savings is small. Learning to use a different provider and trusting a new system is hard work.

Jon 11mo ago

Bitcoin is appearing to be a Trojan horse for any existing system

Stu 11mo ago 💬 3

Flix 11mo ago

I know, I know...

Flix 11mo ago

This is a story about nocoiners and Tradfi adopting Bitcoin.

Obviously bitcoiners know better than to submit to all that KYC, surveillance, etc.

I'm not telling anyone to replace their node with a Revolut app!

x 11mo ago

lol

Nachteule 11mo ago 💬 1

Yes, and not forget people using telegram having already a Bitcoin wallet by default.

Flix 11mo ago

Sooner than we think there will be 1 billion people with instant access to bitcoin.

Bitcrazy 🛀 11mo ago

Revolut serves Non-US #Bitcoin markets right? Haha they got scared of the Biden administration last year IIRC; but yes that's good on them that they try to improve adding more and more features.

₿lank ⚡️丰 11mo ago

This is the way.

Achilles 10mo ago

Love the development.