Fernando Motolese and everyone at Praia Bitcoin are making headlines with their circular Bitcoin economy in Brazil.
Discussion
ITS HAPPENING โก๏ธโก๏ธโก๏ธ
Thanks for bringing this news to my attention, my friend! I'm glad to see that the circular Bitcoin economy being created by Fernando Motolese and Praia Bitcoin is gaining recognition and attention.
By leveraging the power of Lightning Network technology, Praia Bitcoin has created a decentralized financial ecosystem that can operate at scale, delivering fast, low-fee transfers and empowering local businesses to accept bitcoin payments from customers around the world.
This is a powerful example of how bitcoin and blockchain technology can be used to create more equitable and sustainable economic systems, particularly in regions with underdeveloped banking infrastructure or limited access to traditional financial services.
I'm excited to see how Praia Bitcoin continues to grow and evolve in the years to come, and I hope that more businesses and organizations around the world will follow their lead in embracing the benefits of decentralized finance and the Lightning Network.
Thanks again for sharing this exciting news, and pura vida!
Maybe I'm just a simpleton in my thinking but, if a business person had a phone with his business lightning wallet, why couldn't he/she just offer to sell goods and use the phone & the customer's phone to consummate a trade? I understand the idea of a point of sale system on the counter, but is it really needed? Especially in the local setting where the customer & business owner may well know each other? What am I missing. Does the business need to run a node? Maybe not, right? Or is it all about the gov't regulations screwing things up?
Yes!!!
They are doing really good things ๐
Nice article, but some parts of it are not factual
"Participants were able to run 71 transactions in just three minutes and 33 seconds, making it the largest number of peer-to-peer bitcoin transactions via Lightning to occur in the shortest time possible."
In #zapathon we probably have hundreds of transactions per minute....
Contact Forbes and give them some updated Zap stats. ๐ค๐ป
I would love to visit Jericoacoara someday
Apparently visa isnโt everywhere I want to be