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Amboss CEO: BlackRock can use Lightning Network to disrupt payment processors like Visa and Mastercard.
2023-07-18 05:56
Odaily News: Amboss CEO Jesse Shrader stated that the proposed spot Bitcoin ETF by BlackRock missed out on the opportunity to deploy funds on the Lightning Network and earn non-custodial income by providing payment infrastructure. Amboss is interested in helping institutions leverage the Lightning Network to earn non-custodial income and disrupt traditional payment processors. Shrader also mentioned that BlackRock not only has the opportunity to disrupt gold but also payment processors like Visa, MasterCard, and American Express. (The Block)
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