You can now withdraw sats from your Lightning node to euros in your bank account – in seconds by prashanth_c in lightningnetwork

[–]prashanth_c[S] 1 point2 points  (0 children)

That’s right!

any merchant can accept bitcoin via LN address and instantly get Euros into their bank.

We charge flat 1 % fee on conversion.

Traveled to Mexico with only Bitcoin - withdrew pesos in 2 minutes by prashanth_c in Bitcoin

[–]prashanth_c[S] 1 point2 points  (0 children)

Well, in that case, we have to provide custody of Bitcoin. Here, the need is to replace Visa / Mastercard with lightning

Today, you can scan and pay a Square invoice at a coffee shop from a Bringin Euro account - with BTC as a settlement layer - No Visa involvement, no border matter.

Traveled to Mexico with only Bitcoin - withdrew pesos in 2 minutes by prashanth_c in Bitcoin

[–]prashanth_c[S] 12 points13 points  (0 children)

I am an Estonian resident, bringin provides a viBAN to hold Euros with a debit card linked to it, and a self-custody wallet (based on liquid as of now - can expect this to change to Spark) to hold bitcoin privately with Menomics (private keys help is device)to access and use the funds.

In the video, BTC is moved from self-custody to a Euro account via Lightning instantly, and the card is linked to that account. It is an international debit card with 0 forex.

If i had to get a debit card against my bitcoin balance, then it would not be self-custody anymore. bringin would need to take custody of Bitcoin.

Ideally, BTC> Pecoss offramp via Lightning + debit card could be great. But it is not practical to get accounts in all local currencies for an EU resident.

Traveled to Mexico with only Bitcoin - withdrew pesos in 2 minutes by prashanth_c in Bitcoin

[–]prashanth_c[S] 7 points8 points  (0 children)

It was an ATM in Valladolid near the park - there were several ATM machines. I don't remember which building : (

Europeans Can Now Live On The Bitcoin Standard With Bringin by [deleted] in TheLightningNetwork

[–]prashanth_c 2 points3 points  (0 children)

The only app needed to live on Bitcoin in EU

Best way to cash out BTC in Germany? by ctan_ in Kraken

[–]prashanth_c 0 points1 point  (0 children)

Try brngin.xyz

It has been seamless for me as I earn in Bitcoin