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Galoy Alternatives
Similar projects and alternatives to galoy
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mempool
Explore the full Bitcoin ecosystem with mempool.space, or self-host your own instance with one-click installation on popular Raspberry Pi fullnode distros including Umbrel, Raspiblitz, Start9, and more!
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SurveyJS
Open-Source JSON Form Builder to Create Dynamic Forms Right in Your App. With SurveyJS form UI libraries, you can build and style forms in a fully-integrated drag & drop form builder, render them in your JS app, and store form submission data in any backend, inc. PHP, ASP.NET Core, and Node.js.
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lightning-browser-extension
The Bitcoin Lightning Browser extension that connects to different wallet interfaces and brings deep lightning integration to the web
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LibraCoin
A cryptocurrency platform that uses fake currency to allow users to learn while competing to be the top trader.
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InfluxDB
Power Real-Time Data Analytics at Scale. 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.
galoy reviews and mentions
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$100 Bitcoin purchase on Lightning Strike app for ZERO fees. Bye bye to Coinbase account!
They probably did talk about Strike in the video. Jack Mallers met with the president of El Salvador and Jack's company Zap developed El Salvador's wallet named Chivo. Bitcoin Beach Wallet was developed by Galoy.
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Instantly paying your electric bill in a poor village of El Salvador
It's semi custodial solution. Basically a small local community bank leveraging LN. https://github.com/GaloyMoney/galoy
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El Salvador makes Bitcoin legal tender
To give some technical background: yes, using Lightning (as they seem to do) for affordable BTC payments is challenging for most. As far as I am aware that is why they rely on custodial solutions [1]. People hold their money with someone from their village they trust, which is not ideal but neither is being unbanked. Down the road I could easily see this trust being spread over multiple people using multisig wallets.
The amazing thing about all this is that everyone can become a BTC "bank". You need a bit of capital but orders of magnitude less than a normal bank would require, maybe 2k$ 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
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A note from our sponsor - InfluxDB
www.influxdata.com | 26 Apr 2024
Stats
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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