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BTC Lightning is faster than Mastercard ⚡️www.reddit.com/r/Bitcoin/comments/w85v0i/bitcoins_lightning_is_faster_than_mastercard/
745 sats \ 4 comments \ @alvaraaltopelti 26 Jul 2022 bitcoin
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30 sats \ 2 replies \ @Wil 26 Jul 2022
Does anyone know how these POS operate?
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60 sats \ 1 reply \ @aljaz 26 Jul 2022
they are using the bolt card from coincorner so it is based on lnurl-withdrawal. you don't need to use coincorner in order to use bolt card tho, you can provision it yourself
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0 sats \ 0 replies \ @zakkdev 26 Jul 2022 freebie
yep, these just follow the standard lnurl-withdraw flow (with the addition of lud-17 to facilitate bolt card replay protection), POS will also accept standard lnurl-withdraw flow without the need for lud-17.
0 sats \ 0 replies \ @WaraiOtoko 26 Jul 2022 freebie
Strictly speaking the full lifecycle of a bitcoin transaction has always been faster than a full credit card transaction as settlement for the latter can take days. This makes me wonder at what point should a lightning transaction be consider settled? It seems to me that if you have a well set up node that there should be no counter party risk? Or would it take the closure of a channel to consider it settled?