Banks like Xapo
https://www.xapobank.com/en/blog/introducing-universal-money-addresses-at-xapo-bank
are adopting this:
by
Hmm while that is interesting, i don’t think it’s quite what i meant
Maybe i’m just retarded but wallet of satoshi, for example, would be one of the “bitcoin banks” where yes they hold the keys but it needs to be reliable and functional on both Bitcoin and lightning or else people wouldn’t even use it
Not like literal banks partnering with “crypto” companies
Xapo is a Bitcoin bank. It was founded by Wences Casares an early Bitcoiner.
https://en.wikipedia.org/wiki/Wences_Casares
I'm not specifically trying to answer your questions, I'm just sharing what I know.
Bu UMA is potentially a protocol (Lightning + KYC + USD), that allows banks to benefit from Bitcoin as a money transmission system, similar to nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 approach.
Gotcha 🫡
I understood you right. But it doesn't matter if the custodians will be "legacy banks" or "new banks".
Both would have to be truthful though.
