tuma
· 2w
I was thinking about trying this service. I don’t like the fact it’s KYC, though.. that’s what’s stopping me right now
Yeah, it's still a compromise we need to take to be able to interact with traditional finance (cards, IBANs). We hope for the endgame of native Bitcoin payments sooner, but currently it's a bit of a chicken & egg problem with merchants - not enough users asking to pay, so not enough merchants accept it, and vice versa.
So we're trying to piggyback on the existing incumbent rails to at least be able to employ sound money in self-custody today. If you use something like our NWC enabled debit card that pulls sats automatically via Lightning, then your actual Bitcoin stack is still very much private.
Obviously, wherever you can pay directly in BTC - do that (and also orangepill new merchants, too). But until Bitcoin network adoption flips fiat, we need to create more reasons for general masses to already try and use Bitcoin as money today.
Then, perhaps there will be more of them asking merchants to accept Bitcoin directly.
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