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There’s been a few articles on it. Chivo -> Chivo transfers are not done with Lightning, or ok the blockchain itself. Govt is not obliged to back the amount o
by topranks 5y ago
There’s been a few articles on it.
Chivo -> Chivo transfers are not done with Lightning, or ok the blockchain itself. Govt is not obliged to back the amount of “Bitcoin” in all the wallets by any specific amount.
There are, I believe, gateways to both LN and the BTC blockchain itself. So you can transfer funds to/from Chivo with a real Bitcoin transaction. But sending to another Chivo user is just handled by Chivo centrally.