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TLS92: John Carvalho on Synonym, Blocktank, Bitkit, Pear Credit, Slashtags, and Hyper-Bitcoinization

The Kevin Rooke Show

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Block Tank Instant

We did add a business developer that's dedicated for block tank and kind of did a lot of outreach to talking to different stakeholders, exchanges, etc. And that resulted in us coming up with the block tank instant product which is basically just an API for the LSP to accept withdrawals and deposits for an exchange. They don't have to actually run anything to do with lightning. So if a user wants to deposit into the exchange, they give us the Bitcoin and then we owe the exchange. If they want to withdraw, we pay on behalf of the exchange and the exchange owes us. And we would settle periodically. That seems to be one method that is probably going to work as far as a

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