What do you think about the incoming Strike service which allows for bill payments from btc? I wonder if it will allow a similar service in reverse 🤔 do you think it's a game changer or just the natural progression for them towards a kyc bitcoin bank? If the latter, do you think this is a positive or negative trend. I know in the early days Adam Back said that bitcoin banks will be somewhat inevitable, if my memory serves me right.
I'm undecided about this, in principle I am totally against KYC and I wish for the ideal world. But the realist in me thinks there is some inevitability to this KYC'd custodial model when you look out at the world... 🤷🏻♂️
Replies (4)
I have been buying bitrefill e-gift cards, and they don't ask for address phone #, etc. I use them to pay bills, not just for purchases online.
Interesting, how do you pay bills with gift cards?
Recently met a guy who lives out of his hardware wallet. Involves USDC and a shitcoin but he sends the USDC to moneygram through some app and picks up the local currency cash anywhere in the world that he is. He's a BTC advocate but makes this exception in order to rid himself of banks.
Moneygram requires id so there's also that downside.
Talking about Africa/Asia so maybe different to USA/Europe.
Thank you for the anecdote, very interesting! I guess everything we do scomes with some trade off or compromise
