0 sats \ 3 replies \ @joda 1 Feb \ on: Mercury layer AMA bitcoin
What is the revenue model for Commerceblock, as the operator of the Mercury Layer service?
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10 sats \ 2 replies \ @tptrevethan OP 1 Feb
For mainnet there will be a fee to create a shared key (i.e. deposit a coin) which can be paid via LN. After that all transfers are free. This is similar to an opendime, where you buy the device initially and then all other use is free.
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0 sats \ 1 reply \ @joda 1 Feb
So presumably a marketplace or wallet would offer the ability to get into the Mercury layer directly from fiat, with a fee or spread? (From the user point of view)
If so, this essentially allows people to buy non-KYC and then transfer to their on-chain wallet...
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10 sats \ 0 replies \ @tptrevethan OP 2 Feb
Someone could do that (direct from fiat with the fee included). Not sure who could offer that without KYC though.
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