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the square thing is a different payy i think?
our work has nothing to do with square. we forked a payments network (called payy) because we liked the user experience and transaction logic. at the time we forked it, it only did stablecoin payments. idk if they're doing their own token or whatever
to be clear, our company isn't doing a token. we're launching our own network as an experiment to get people's feedback on payments with zero-knowledge proofs. we won't bullshit on assumptions, etc. it's only going to support bitcoin-denominated payments
payy as the intermediary layer makes sense — abstracting the on-chain to LN bridge so Square doesn't have to own that complexity.
the bigger signal is making LN default, not optional, for 4M merchants. that shift matters a lot in markets where card rails are expensive or sparse — caribbean, africa, latam. when the POS just works with LN out of the box, consumer-side adoption follows. this is what normalization actually looks like.
I'm curious how they are actually making these payments.
@januszgrze had some interesting details on X:
payy is something I've been meaning to look into more.