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Why are remittances so expensive if this is so simple? Maybe you are missing something here? The function of lightning and the Bitcoin base layer is settlement
by mambru 5y ago
Why are remittances so expensive if this is so simple? Maybe you are missing something here?
The function of lightning and the Bitcoin base layer is settlement and clearing, those 2 things are non-trivial.
Then there is also the legal aspect, which cannot be detached from those.
- arcticbull 5y agoGenerally the answer is regulation. So I suspect that is quite likely the answer here. Although since they are an MSB in at least the US they answer could just as easily be crypto fever. For a centralized entity settlement and clearing aren’t hard. You have a money pile and a debt facility in both countries, then you wire money to net settle once in a while.