21 sats \ 1 reply \ @025b3f351f OP 5 Aug 2023 \ parent \ on: Xapo Bank: a pro bitcoin bank that supports lightning network bitcoin
1- Verification process was fast with me.
2- You can choose to receive or not receive the physical card. You can create virtual card too.
3- I think they request yes proof of residence.
4- I don't think proof of residence needs to match passport issuance.
Thanks.
Hi, thanks for the comment.
1- The Xapo Bank do not lend the dollars to other people. They have 4.1% interest because they invest the dollars on US treasuries bonds of 3 months. They pay like 80% of the interest to Xapo user and take 20% to them.
2- I read in many parts that Gibraltar is considered a stable place to banks.
3- I think everything that envolve fiat money has risks. But I consider Xapo a serious company.
I used the services of this The Bitcoin Company and I had very bad experience. But as I said, I still can't live with only bitcoin yet. So Xapo it's for these kind of bitcoiners.
Congratulations, how do you pay in places that do not support bitcoin? And you should know that not all people can still yet live without dollars.
1- Not bitcoin adoption? Do you use any bank? If yes, do you prefer a bank that is pro bitcoin or one that is not? How is not bitcoin adoption for people that still need dollar but can gain yield in sats on dollar deposits and when using the card?
2- You don't need to deposit sats, I don't recommend it. It's a bank account for people that are pro bitcoin but still need dollars.
3- Yes, it's a bank and I'm sure many bitcoiners still have a bank account. The question is: A bitcoiner should use a pro bitcoin bank or a bank that dislike bitcoin?
I do not keep bitcoins there. I keep dollars and receive yield in sats. The dollar deposits have insurance from Gibraltar country. I live with bitcoin and dollar. So make sense to me.
There are some mobile games that pay users using Bitcoin lightning and that are for a long time on Google and Apple stores, like the games from https://www.thndr.games/
You can use www.zebedee.io to integrate lightning on your game.
We need a marketplace using nostr protocol: https://github.com/nostr-protocol/nostr
So will be necessary to first make a deposit or withdraw on the service to Alby recognize it and be able to show the balance service and deposit and withdraw button inside Alby?