Mike on Nostr: A closer look at how UMA uses the Lightning Network UMA enhances LNURL and Lightning ...
A closer look at how UMA uses the Lightning Network
UMA enhances LNURL and Lightning Addresses by including compliance messages and currency exchange features. This upgrade, along with the Lightning Network's fast settlement and Bitcoin's global reach, ensures affordable worldwide money transfers.
LNURL is a protocol that simplifies Bitcoin transactions over the Lightning Network, making them more user-friendly by enabling actions like payments and login without complex addresses.
https://www.xapobank.com/en/blog/introducing-universal-money-addresses-at-xapo-bank
UMA enhances LNURL and Lightning Addresses by including compliance messages and currency exchange features. This upgrade, along with the Lightning Network's fast settlement and Bitcoin's global reach, ensures affordable worldwide money transfers.
LNURL is a protocol that simplifies Bitcoin transactions over the Lightning Network, making them more user-friendly by enabling actions like payments and login without complex addresses.
https://www.xapobank.com/en/blog/introducing-universal-money-addresses-at-xapo-bank
quoting note1pvx…8rgaGM
My Bitcoin bank XAPO made me lie to confirm I don't invest a lot in crypto and I had to lie and state it is an extremely risky investment.
However that aside, it then told me about UMA (Universal Money Address)
https://www.uma.me/
It's like a Lightning address mike@mikehardcastle.com but for USD.
Is the fiat world copying us?
What is this, is it just lightning, or is it something built on top of lightning?