galoy

bitcoin banking infrastructure (by GaloyMoney)

Galoy Alternatives

Similar projects and alternatives to galoy

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    1,591 galoy VS mempool

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  • lightning-browser-extension

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NOTE: The number of mentions on this list indicates mentions on common posts plus user suggested alternatives. Hence, a higher number means a better galoy alternative or higher similarity.

galoy reviews and mentions

Posts with mentions or reviews of galoy. We have used some of these posts to build our list of alternatives and similar projects. The last one was on 2021-06-09.
  • $100 Bitcoin purchase on Lightning Strike app for ZERO fees. Bye bye to Coinbase account!
    1 project | /r/Bitcoin | 2 Aug 2021
    They probably did talk about Strike in the video. Jack Mallers met with the president of El Salvador and Jack's company Zap developed El Salvador's wallet named Chivo. Bitcoin Beach Wallet was developed by Galoy.
  • Instantly paying your electric bill in a poor village of El Salvador
    1 project | /r/Bitcoin | 25 Jun 2021
    It's semi custodial solution. Basically a small local community bank leveraging LN. https://github.com/GaloyMoney/galoy
  • El Salvador makes Bitcoin legal tender
    5 projects | news.ycombinator.com | 9 Jun 2021
    To give some technical background: yes, using Lightning (as they seem to do) for affordable BTC payments is challenging for most. As far as I am aware that is why they rely on custodial solutions [1]. People hold their money with someone from their village they trust, which is not ideal but neither is being unbanked. Down the road I could easily see this trust being spread over multiple people using multisig wallets.

    The amazing thing about all this is that everyone can become a BTC "bank". You need a bit of capital but orders of magnitude less than a normal bank would require, maybe 2k$ to get started of which you might spend 400$ on hardware and fees to open some channels. The trustless nature of lightning lets you and your users then join the global payment network without asking for permission from anyone and you can engage in commerce internationally.

    I think, while we are still early, that this is an awesome experiment. It will highlight the UX problems so we can fix them. Hopefully at some point all this will make sense to the average westerner too, so we can finally have a money not controlled by anyone (states, incumbent banks) again. But that might take a long time.

    [1] https://github.com/GaloyMoney/galoy#status-of-the-project

  • A note from our sponsor - InfluxDB
    www.influxdata.com | 26 Apr 2024
    Get real-time insights from all types of time series data with InfluxDB. Ingest, query, and analyze billions of data points in real-time with unbounded cardinality. Learn more →

Stats

Basic galoy repo stats
3
355
9.9
1 day ago

GaloyMoney/galoy is an open source project licensed under MIT License which is an OSI approved license.

The primary programming language of galoy is TypeScript.


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