5 takeaways from the Breez Lightning Report?
1) Lightning has already scaled.??
The report puts Lightning adoption at 650 million people. That’s more than all registered users of Venmo, Stripe and PayPal COMBINED.
2) Speed of settlement is unmatched.???
The report says “payments over Lightning typically settle within milliseconds, making the funds instantly available.”
3) Capital Gains taxes add considerable friction to payment numbers.??
Tax difficulty is holding payments back in many jurisdictions. Some nations such as Czechia are eliminating these taxes.
4) People don’t care what payment system they are using.????♂?
Piero Coen, OSMO wallet’s CEO said, “Most of our users don't even know they're using bitcoin, because OSMO allows users to hold and send fiat currency from one country to another, with OSMO handling conversion to and from bitcoin behind the scenes.”
This is what Bringin does in the EU for Euro users.
5) Companies are integrating the Lightning Network in a variety of ways.??
Supermarket tills, online games, privacy software, bars, online marketplaces, Nostr clients, streaming services, crowdfunding platforms, reward and payment processors have all integrated payments in different ways.
6) #bitcoin #lightning #internetmoney #finance Success has been so easy to miss.??
There is no “Bitcoin LTD” and no marketing department. While each early adopter benefits, there is no centralised beneficiary bankrolling the message of Lightning adoption.
Congrats to the Breez team on this publication.
I urge you all to read it (15 minutes) to get a deeper understanding of the Lightning ecosystem.
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I’m Prashant, Founder and CEO at Europe’s fastest BTC-Euro on/offramp
If you’ve got a question about investment, partnership, or how the platform works, I’m just a message away.
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#lightning #lightningnetwork #payments #bitcoin#internetmoney #finance