🛒 Merchants > Fiat Over Lightning - How it Works

[sbddesign]

As we discussed on this call, representing fiat within a bitcoin wallet is becoming important. Price volatility is UX problem for using bitcoin for daily spending, and fiat over LN is one solution for this.

Often this involves things that don't always mesh with the principles of the Guide (Strike, Chivo). Then there are wallets like Bitcoin Beach which are technically custodial but make these trade-offs in a more transparent way. And finally, there are discussions around things like stabilized lightning channels with DLCs, TARO, etc.

This is not specific to merchants, however is important within the conversation about merchant adoption.

With this issue, I am proposing we create content for the How it Works section that describes at a high-level some of the proposed solutions and what the trade-offs and risks are.