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I always like to think that Ecash could be used by app developers to implement those various app-points or app-wallets thing. Think Starbucks app: you top up your wallet, you buy coffee later.
But that way instead of reinventing the wheel each time apps could use the common sound money protocol instead. Imagine the interoperability!
122 sats \ 2 replies \ @k00b 3 Dec
You can't take your starbucks point off of starbucks though and they forbid transfers, both for legal reasons, so what would be the advantage here?
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I just gave it as an visual example. Other app developers might not be constrained by legal reasons when it comes to transferring out.
Also as an app developer I might prefer using open source standard and protocol rather than 3rd party solution like Stripe (or some other closed integration).
In this vision each app would be a small bank for its users and for their purchases.
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20 sats \ 0 replies \ @k00b 3 Dec
Also as an app developer I might prefer using open source standard and protocol rather than 3rd party solution like Stripe (or some other closed integration).
I see, you mean that if they want to provide custodial services, they can use this open source payment/account software. What applications do you imagine would benefit from ecash mints over another open source payment/account software that uses a protocol like lnbits?
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You could use Ecash for that but also there is something easier, it's called nostr wallet connect NWC, look it up, super interesting solution.
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