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Lightning network enables almost instant and practically free Bitcoin payments, that's what they are using in El Salvador. Current financial system is pretty b
by rawtxapp 5y ago
Lightning network enables almost instant and practically free Bitcoin payments, that's what they are using in El Salvador.
Current financial system is pretty broken in my opinion, for example, I'm trying to transfer money into a business checking account I have, my options are:
- using Plaid, which will take banking credentials in clear text and store them somewhere for transactions, which is insane to me that this is what we need to enable all the FinTech stuff,
- using wire transfers which costs 20$ each,
- using check deposits (with 500$ limits), which is like the 1990s.
Current financial system has a trust problem, especially for new users, Bitcoin solves that.