Yes. Impossible to compete.

It is just crazy. How much money they have spent on it.

No. 5 years is magical term for all hodlers to become profitable. Google "hodl cave unchained capital" for example.

Yes. Strike has begun from that some years ago.

Could it be that some of these BCEs spring up because the founders believe that they'd get funding?

I mean, as a source of livelihood or a job?

Thanks for sharing this

Well, lnurl sometimes reusable.

Lnurl is entire standardized protocol for "pays", "withdrawals" and even authentication.

Is this LNURL or pastebin for invoices or what.

Sorry for that. Use telegram, x for outreach. Albeit recently X also begun shadowbanning everything related to cryptocurrency.

You asked, and here you go!

#1417825

I like how they do DeFi play book. This is what undeappreciated in Bitcoin space which lacks risk appetite and lacks entrepreneurial activity.

But when it comes to protocols there are / were plenty of them. MercuryLayer tried to build statechains.

From two examples above it looks like a wrapper over miniscript. Same thing may be done with policies.

Mr Darthcoin, we live in a Fiat-run world while trying to make it a Bitcoin-run world. Imagine where businesses use Bitcoin as the underlying asset transferred when they make Fiat transactions. This is what the Fiat channel proposes.

It indirectly sews Bitcoin into the architecture of traditional finance, then suddenly everyone prefers to measure value directly in Sats and not in Fiat because over time less sats is exchanged for the same quantity of fiat.

Volatility against the prevalent unit of account (fiat) is an inherent feature of Bitcoin as a free market money. It will wane and reduce over time with more adoption and daily application in trade.

Using Bitcoin directly for trade and for value exchange, especially in a fiat-run world, will often require re-conversion into Fiat which ultimately renders Bitcoin as just a medium of storage of value, a value measured in fiat, not in Sats.

But having Bitcoin as the base asset for transferring fiat value means more people use Bitcoin, albeit indirectly making more people learn about the Lightning network, ask more questions, and hence learn about opting out.

Carrefour could hardly ever pay its employees with Bitcoin because it's a Fiat company. Even if they want to do that, they'd have to first go through the stress of buying Bitcoins with Fiat and then paying their employees.

The easier way we scrap all that is through Hosted/Fiat Lightning channels.

With that, Carrefour can directly accept Bitcoin payments while retaining Fiat stability, pay their workers with Sats without volatility concerns, and can easily move any profits from Bitcoin sales to on-chain if they so wish.

The easier way to transfer the Fiat-run world onto Bitcoin is to make Bitcoin the base asset on which the Fiat value is moved. Fiat channel is the closest attempt to achieving that.

And nobody needs to depend on any particular entity since anyone can run a Lightning node and be their own Host.

Great use case, but what we see here is using the Tando app to accept Sats, while Tando then pays Carrefour with Kenyan shillings.

Carrefour did not actually receive Sats, and can't spend Sats. It is a step in the right direction, but Carrefour can actually directly accept Sats without worrying about Volatility as a fiat-run business by using "Fiat Lightning channels" and running its own infrastructure.

Very easy, no reliance on any third-party swaps and conversions.

For a lightweight mobile wallet that is suitable for Bitcoin local communities and the advancement of Bitcoin as a medium of exchange, check out Valet Bitcoin.

Supports:

• Self-custodial on-chain usage
• Self-custodial Lightning usage
• Custodial Hosted Lightning channels:

Enables plug-and-play onboarding on Lightning, (No liquidity commitment) with self-custodial Lightning-grade privacy
Cryptographically enforced fraud-proof and auditability through a cross-signed state encoding.

• Custodial Fiat Lightning channels (with self-custodial Lightning grade privacy) :

Enables spending Sats without being bothered about Bitcoin's Fiat volatility. Especially useful for users who earn in Bitcoin but have a fixed monthly living cost. As soon as you receive your Bitcoin pay, you can move your fixed living costs to fiat channels as a stable-Fiat value and spend from there while you keep your main wealth in the on-chain self-custody wallet.

It is also very useful for merchants that want to receive Bitcoin payments but do not want thier Capital to be affected by Bitcoin's Volatility. Set up a Fiat Lightning channel and receive Sat payments, which get locked in as stable Fiat values. At the end of each business day, you can move your profits to self-custodial Lightning while your capital remains on Fiat channels for running your business.

For plug-and-play onboarding on Lightning, (No liquidity commitment) with self-custodial Lightning-grade privacy. Cryptographically enforced fraud-proof and auditability, achieved through a cross-signed state encoding.

• Back-up options :

Includes "BIP39 seed phrase only" for normal on-chain recovery, and "BIP39 + Local backup file" for full recovery, i.e., recover all your Lightning setups + on-chain balance.) The local backup file is saved on your device for use.

• Hardware wallet support (watch only)
• Coin Control
• Less than 30 mb file size (very lightweight)
• Android only (supports old versions as old as Android V.8)
• Fully open-sourced

Official website: https://valet.finance/

Install here: https://github.com/standardsats/valet/releases (Also available on F-Droid and Zapstore)

Detailed Setup Guide (Plan B Academy): https://planb.academy/en/tutorials/wallet/mobile/valet-447d94ab-143e-4598-8451-3229aee3a443

Want to learn more about the Fiat channel and how it advances Bitcoin's use as everyday money by bridging the fiat economy and the Bitcoin Standard through the creation of Bitcoin derivatives on the Lightning Network?

Join the conversation and contribute on Telegram: https://t.me/StandardSatsCommunity
Fiat Channel concept: https://standardsats.github.io/
Checkout our open-sourced Repo: https://github.com/standardsats/fiat-channels-rfc

How is it 2026 and this isn't an easily solved problem with lots of information on how to set it up!?

Yes, this is exactly where most teams tend to get stuck. Lightning is great at moving sats, but subscriptions need predictable billing, retries, accounting, and zero volatility (especially for Fiat-run businesses like the one you're talking about). So, basically, Visa UX on Bitcoin rails.

An approach that actually works is using Fiat Lightning channels (no tokens, no stablecoins). Users still pay in sats over Lightning, but the balance and billing logic stay stable in fiat inside the channel. That makes recurring charges, refunds, and accounting sane and auditable for a Fiat-run business.

We’ve been building this for merchant use cases exactly like subscriptions and cross-border SaaS.

Happy to share details if this is the kind of direction you’re exploring.

Likely not a bad choice.
It is a 🚩 when rates are lower than even in DeFi.

Nobody remembers how BlockFi story ended.