~/talk

Anatomy of Today's Payment Networks and Bitcoin

on YouTube 17m
Talkat Bitcoin Amsterdam 2022 · 2022-10-12..10-14· [web-performance]

speaker

name:Prashanth Balasubramanian
links:none on file

resources

video:https://youtu.be/IcJCdT8x_DE
slides:none on file

summary

Built and shipped the world's first lightning powered payments device in Europe that blends Lightning and MasterCard so a card-funded payment can be sent over Lightning or a Lightning invoice can be shown at a POS and settled through the card rails at authorization. Claims include instant finality vs card net settlement, real costs like 1.2 million a year pre-product and 2.5 years of approvals with Visa/MasterCard, and a working prototype that routes fiat payouts to merchants while buyers pay in Bitcoin.

AI-written summary · about

chapters (4)

  1. 0:00Start
  2. 2:28Traditional Fiat Stack
  3. 5:44The Payment Networks
  4. 9:35Fraud Prevention

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