Bitcoin Lightning Network Better Than Debit Cards For Payments, Why Morgan Stanley Thinks So

THELOGICALINDIAN - US coffer Morgan Stanley appear a address on Bitcoin and its secondlayer acquittal band-aid Lightning Network This BTCbased use case enables users to achieve affairs in an burning and annal a 410 yearoveryear advance according to Arcane Research

This suggests that bodies are adopting the Lightning Network, but can the acquittal band-aid action at scale? Morgan Stanley set out to acknowledgment this question.

Alex Gladstein, Chief Strategy Officer (CSO) for the Human Rights Foundation (HRF), summarized the address via his Twitter account. He claims the certificate is a artefact of Jack Maller’s Bitcoin-based Lightning Network aggregation Strike and its contempo partnerships with Shopify, NCR, and Blackhawk.

Strike accommodate U.S. companies with a point-of-sale (PoS) based on BTC’s Lighting Network, an another to acceptable acquittal rails, VISA, and Mastercard. As Morgan Stanley said, according to Gladstein, one in six PoS is powered by NCR which makes that advertisement added significant.

The VISA and Mastercard ability PoS and Strike’s alternative, the cyberbanking academy noted, accomplish analogously proving users with “real-time settlement” for payment. However, the BTC another is abundant cheaper, with bigger aloofness features. Gladstein accent the afterward from the report:

The cyberbanking institution, Gladstein continued, acicular out the tradeoffs of application a Bitcoin-based PoS: the amount aberration in the basal asset, the taxes implications, and the abeyant analysis from regulators and government admiral if they accept that BTC is a “legitimate adversary bill to the U.S. dollar”.

Bitcoin Bear Markets Better For Spending?

Over the accomplished decade, the amount of Bitcoin has added decidedly and seems to abide on an uptrend. This could be a limitation, as mentioned above, of its accommodation to be a average of exchange. People could see little incentives in spending their BTC.

In that sense, the address claims that Bear Markets could be benign for BTC spending. Over the continued run, as apparent in the blueprint below, the cryptocurrency is bigger at accouterment its holders with added purchasing power, clashing the U.S. dollar.

The cyberbanking academy presented two charts. The aboriginal is the amount of a bag of potato chips in the U.S. against Bitcoin and the U.S. dollar. Despite its volatility, BTC has acquired purchasing power, as its decreases in agreement of fiat.

The aforementioned assumption applies to the apartment bazaar as absolute acreage becomes cheaper in BTC and big-ticket in U.S. dollars. Gladstein claims, based on the report, that the boilerplate U.S. home amount beneath from 993 BTC in 2024 to 8.27 BTC today.

Gladstein acclaimed the afterward as Morgan Stanley declared BTC a bigger anatomy of acquittal than debit cards:

At the time of writing, BTC’s amount trades at $41,600 with a 1% accident on the 4-hour chart.