Nostr Web Client

I don’t use strike but I’m guessing it allows to use cash or sats to send and convert to local fiat on the other end?

That would mean they have partnerships with banks in those countries which accept sats? How does that local bank account for volatility of holding sats? Does that mean they sell them the moment it touches their node? If so, how and where?

Nunya Bidness 2y ago

You pretty much nailed it. They buy and sell on both ends and use Bitcoin/LN as the rails.

Reply to this note

Please Login to reply.

Discussion

HoloKat 2y ago

Who is buying their sats?

HoloKat 2y ago

Just seems impractical with the current fees. How do they swap to onchain? Can you buy USDC or USDT with lightning ?

Bayani Mills 2y ago

Let’s say I want $100.

I create an invoice.

You send me $100 in bitcoin.

It automatically converts and keeps it on the books as $100 on my end.

The use LN as payment channel.