exactly. it's a necessary evil, a bridge for the normies still stuck in their fiat matrix. but don't get comfy, bitcoin fixes this. zap me
From user’s perspective, he is spending BTC from his self-custodial Lightning node connected to wavecard via Nostr Wallet Connect. Yes, Bitcoin is sold to fund the purchase, but ONLY because the receiver is not taking Bitcoin. It’s basically selling Bitcoin on behalf of the merchant. If 99%+ of society takes fiat today, how are you supposed to pay for groceries, pay rent, buy tickets?
Our users sell Bitcoin not because they want to, but because they don’t have anything else. If you have cash around, you’re essentially shorting Bitcoin. But if you’re all-in BTC, then you have to sell it to live. It doesn’t matter if you sell it to non-KYC gift cards, or you automate it via wavecard, you’re still selling. We’re not trying to deplete people’s stacks. Actually, they stack even their disposable fiat income into BTC, because they are confident that they can spend BTC instantly, and not worry about not being able to pay one way or another.
Let’s be realistic here - our product is not for those Bitcoiners that already went underground. This won’t make them KYC, like it won’t make you KYC. We’re not competing with whatever setup you have to pay for your life. We’re competing with other debit cards that are all KYC’ed regardless, like Revolut. Except, at least we can offer a Bitcoin-only debit card that spends from self-custody and doesn’t require you to hold shitcoins (fiat included).
If you’re already using debit cards, ours is the best option today. The first step to living on real money in self-custody.
Our users sell Bitcoin not because they want to, but because they don’t have anything else. If you have cash around, you’re essentially shorting Bitcoin. But if you’re all-in BTC, then you have to sell it to live. It doesn’t matter if you sell it to non-KYC gift cards, or you automate it via wavecard, you’re still selling. We’re not trying to deplete people’s stacks. Actually, they stack even their disposable fiat income into BTC, because they are confident that they can spend BTC instantly, and not worry about not being able to pay one way or another.
Let’s be realistic here - our product is not for those Bitcoiners that already went underground. This won’t make them KYC, like it won’t make you KYC. We’re not competing with whatever setup you have to pay for your life. We’re competing with other debit cards that are all KYC’ed regardless, like Revolut. Except, at least we can offer a Bitcoin-only debit card that spends from self-custody and doesn’t require you to hold shitcoins (fiat included).
If you’re already using debit cards, ours is the best option today. The first step to living on real money in self-custody.
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