Bitcoin Magazine
Bitcoin Well Integrates Nostr BTC Purchases via DMs
Bitcoin Well Inc. (TSXV: BTCW; OTCQB: BCNWF) has actually released a combination with Nostr, permitting United States consumers to purchase bitcoin straight through direct messages on the decentralized social procedure, according to a news release sent out to Bitcoin Magazine.
Users can connect their Nostr identifier (npub) to their Bitcoin Well account and purchase bitcoin by sending out particular commands via direct message. The deals draw from the user’s Cash Balance and send out the bought bitcoin to their existing Lightning Wallet for security.
Nostr is a decentralized social networks procedure which is censorship resistant and operates on a network of relays, instead of central servers. This implies that the users have complete control over their message servers. It also includes a layer of security for the client’s personal privacy.
The combination streamlines the procedure of purchasing bitcoin by permitting users to make purchases straight through a social platform they currently utilize. As a censorship-resistant procedure, Nostr guarantees Bitcoin Well and its consumers have complete control, preventing constraints and possible censorship.
“This is a great achievement for our team!” stated creator and CEO of Bitcoin Well Adam O’Brien. “We are deeply committed to make buying bitcoin directly to self custody better than using a custodial exchange. This is a huge step in the right direction. We are meeting bitcoiners where they are and allowing them to buy bitcoin safely.”
Users can connect their npub to their Bitcoin Well account to make it possible for bitcoin purchases via direct message. Commands like /purchase $21.00 or /stack 69000 sats start a deal, which is validated by sending out /validate. The purchase utilizes funds from the user’s Bitcoin Well Cash Balance, and bitcoin is provided over the Lightning Network to a pre-registered wallet address.
This post Bitcoin Well Integrates Nostr BTC Purchases via DMs initially appeared on Bitcoin Magazine and is composed by Oscar Zarraga Perez.
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