Itā€™s just tokens on Lightning. Fiat, Airline points, Loyalty points, etc.
Idk what they were thinking with the word ā€œcreditā€.
Are you sure it's actually on lightning? The only mention is "Lightning-Network-styled speed", which doesn't give me confidence...
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Yes. Synonym has been planning this for years. It used OmniBOLT https://synonym.to/our-stack/
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Saying OmniBOLT is lightning is not really accurate imho. Instead of "tokens for lightning" it's "lightning for tokens". You need an entirely new network instead of using the existing one.
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Credit as in IOU
Credit means thereā€™s trust involved.
Trust that youā€™ll be able to redeem the IOU.
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Not necessarily. Sometimes tokens are issued and they donā€™t really know what they will be used for. Mcdonalds points are redeemable for random rewards and you lose them over time. Thereā€™s really no guarantee there other than ā€œyou might as well save these and theyā€™ll beā€¦ somethingā€ idk.
When I think of credit, I think of placeholders for money that is redeemable for the money. The use case of this is much broader.
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Was kind of just paraphrasing what the tweeter, one of the team, tweeted
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