Same here. Hopeful that a convergence of those projects will happen soon where free speech, decentralized identities and on ramp/off ramp of BTC can all co-exist.
Discussion
That thought travels through my head every day. The last piece of freedom is the freedom to peacefully transact. Have a free and open market where the likes of the people decide the fate or success of any given thing.
Can you tell me how you'd like to see on and off ramps working? I work for one
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.
What is maximum fee or spread above Spot price donyou consider to be reasonable, considering that cards are 2% more expensive
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.
Tell me what you think of checkout.banxa.com, I'll work to improve it. Ln TBC
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.