Nostr Web Client

An international KYCed or non-KYCed platform, open to all nationalities, where you can use your day-to-day credit/debit cards or wire transfers to buy BTC through Lightning and sell back to it. It can also host a marketplace (think ebay) where people can sell their stuff for BTC and start accumulating it.

Sounds too extreme to be feasible but this is the only way for a wider adoption and ultimately a true open & decentralized world.

Duy 2y ago

What is maximum fee or spread above Spot price donyou consider to be reasonable, considering that cards are 2% more expensive

Reply to this note

Please Login to reply.

Discussion

Mohammed 2y ago

If fees/spread are similar to those of P2P platforms (3-4%?) but come with direct single option to just buy BTC & send to wallet, without dealing with 3rd parties, I think it will be a huge deal.

Many people would stomach the high fees if it means they can buy easily at anytime/anywhere.

I envision it as a last resort portal to escape fiat for those who are unable to use centralized exchanges.

Duy 2y ago

Tell me what you think of checkout.banxa.com, I'll work to improve it. Ln TBC

Mohammed 2y ago

I tried it but got stuck with KYCs. An official ID was not enough apparently. Those frictions, while understandable, are what hinder progress I think. But overall I liked the interface and ease of creating a purchase. Better than Moonpay for example.