Hmm? Doesn’t strike just use LN but deposit fiat?
Discussion
There are multiple flows, and I think that’s one of them.
But I use it to buy from bitrefill. I deposit dollars, then pay a bitrefill invoice, and bitrefill gets bitcoin
So acts as a way to onboard people? I see. Thanks!
It does do that yes. But I’m more saying I can support bitcoin merchants, without having to touch my main stack, by spending fiat (which is what I get paid in, unfortunately).
I also think Strike is making a pretty savvy play in terms of international payments. Producer in country X wants to sell to importer in country Y. They can negotiate price in any denomination ($, btc, etc), importer pays in any currency, value moves over LN, and then producer gets either their local currency or btc. Essentially strike is replacing international banking rails with lightning, which is obviously good for bitcoin