Legends of LN Submission: SplitSats 🚀
SplitSats is your gateway to a world where financial coordination meets the power of Bitcoin and the speed of Lightning Network.⚡️
Onboarding Made Easy - with your Nostr private key, you're ready to go! Managing group expenses and splitting bills in Bitcoin made easy. Connect your wallet for in-app transactions. Real-time settlement – Lightning fast. Your Financial Hub, we believe in empowering you.
Get Started with SplitSats where social and financial coordination unite!🚀️
📼 Demo
<iframe class="remirror-iframe remirror-iframe-youtube" src="https://www.youtube-nocookie.com/embed/6sUbBq7czvA?" data-embed-type="youtube" allowfullscreen="true" frameborder="0"></iframe>🚨 Problems and Solutions
Different parts of the world have different financial needs and problems!
The Global South faces:
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hyperinflation
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crippling fees including expensive and restricted transactions
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underbanked persons
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big, predatory black market economies
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regulatory limitations and censorship
Global North faces:
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inflation
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high fees due to multi-currency friction
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regulatory limitations and censorship
SplitSats is an open-source P2P financial coordination layer built on the social network Nostr.
SplitSats uses Bitcoin as a common denominator to serve communities around the globe, solve problems related to currency friction, inflation and costly services, and serve the underbanked.
Features:
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Built-in accounting functionality
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AI-powered scanning of invoices
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Ability to lock BTC exchange rate or let it fluctuate based on your risk appetite
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Alerts group members if invoices have not been paid
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Integrates with a wallet of your choice
💸 Business Model
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Micro fee per transaction;
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Pay-per-Use: pay just when you use a Premium feature;
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Partnership model, to eliminate users fees as much as possible;
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Reward program to incentivise users to onboard new people!
🚦 What's on the table
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Group creation
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Balance sync through group contacts
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Automatic settlement with zap (NIP-57)
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Add Nostr Wallet Connect (NIP-47)
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and why not...integrate with Breez-SDK for more amazing feature ⚡
🔮 Future Features and Partnership
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On-chain <> LN swap - Boltz
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Stablesats - 10101
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Internal wallet - Breez SDK & Greenlight
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New P2P infrustructure - Holepunch
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Business accounting features
🌍 Community engagement
We engaged with the community to understand the most pressing challenges and to promote our mission following the principle of #buildinpublic.
We conducted:
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15 target audience interviews to understand financial and social coordination challenges around the world;
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an interview and Q&A session with Bolt.fun;
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a presentation in Turin by Walter at the Italian BTC meet-up, the SatoshiSpritz;
👏 Team
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Walter - Chief Technology Strategy Master
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Gianlock - Chief Designer & Technologist
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Nadia - Chief Business Visionary
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Shahab - Chief Front-End Wizz
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Francesco - Chief Back-End Wizz
💻 Tech Stuffs
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React
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TypeScript
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Nostr Tools
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NDK