31 sats \ 1 reply \ @eddiechung115 19 May 2022 freebie \ parent \ on: I'm Roy Sheinfeld, the CEO & founder of Breez, in love with the Lightning economy, AMA!!! ⚡ bitcoin
Apologies, I misunderstood and thought this would be live presentation. Anyways, we have time next week to get to know one another but in the meantime, I'm curious to get your thoughts on what are the key trade-offs of LSPs (vs. Neobanks)? Would it be costs? Do you foresee LSPs being as cost-efficient if regulators start to add requirements (licenses, KYC / AML, other)?
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31 sats \ 0 replies \ @roy OP 19 May 2022
Great question. I think neobanks will have challenges with global outreach due to regulatory requirements. KYC causes friction and AML are limiting. Long term I also think the on-chain cost of a non-custodial solution will be lower, making it very competitive with custodial services.
More next week 😉
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