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Using bitcoin in daily life remains a challenge. For many, the nearest bitcoin-accepting location is miles away. While introducing a newcomer or merchant to Bitcoin by setting up a wallet and gifting sats is a start, it often leads to the question: "What now?"
Most won't delve deeper into Bitcoin or seek out accepting merchants. For them, those gifted sats might never be used, effectively becoming a dormant donation.
The few who venture further often face hurdles: limited spending options, the complexities of selling, or the indirect and inefficient method of buying gift cards.
Yet, Bitcoin's inherent features—its digital nature, peer-to-peer transactions, and permissionless system, combined with Lightning's speed, should deliver a completely frictionless user experience, even far superior to any other payment system.
The real challenge? Boosting merchant adoption.
The journey of Bitcoin adoption, especially among merchants, has been a topic of much discussion and debate, but often still sidestepped or not adequately addressed.
At Kumuly, we've been observing, listening, and identifying the challenges that both merchants and users face. Our aim? To contribute meaningfully to this journey.
Introducing... Kumuly Pocket.
Simplifying the Start: We believe that the first step towards adoption is making the onboarding process as straightforward as possible. With Kumuly Pocket, setting up an account, be it for personal use or as a merchant, is a matter of seconds. No personal details, no emails, no phone numbers—just a passwordless Lightning messages powered login. And for those looking to venture into the merchant realm? Transitioning is a breeze. Input your business details, and voilà, your shop is live, all under a single account.
Empowering Merchants, one Bitcoin-Exclusive Promo at a time: We recognise the hesitations merchants might have. That's why we've integrated a platform for them to showcase promotions that can exclusively be paid for with bitcoin. This not only introduces merchants gently into the Bitcoin economy but also ensures users have a compelling reason to spend their sats. It's a win-win: merchants can attract a dedicated bitcoin-using clientele, and users are better off paying in sats.
A Holistic User Experience: For the everyday user, Kumuly Pocket isn't just a wallet—it's a gateway to the growing world of Bitcoin commerce. Spotting local deals, making quick payments, and even engaging in spontaneous transactions with friends becomes intuitive.
Looking Ahead: While we're starting with promos, our vision is expansive. We dream of a holistic Bitcoin ecosystem, where e-commerce and even deliveries operate in a circular Bitcoin economy.
We invite you to join us on this journey as we participate in the Legends of Lightning vol. 2 tournament. With Kumuly Pocket, we're not just building an app; we're crafting a vision for Bitcoin's vibrant future.