2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC133: Creating a New Libor on Bitcoin w/ Jesse Shrader (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

How AMBOSS Is Creating an Open Marketplace for People to Open Channels

Jesselyn Ifill: Jesse, I want to get into some of the really interesting things that you guys are now doing at AMBOSS. We allow people to just say how much they'll charge to take their Bitcoin savings and allocate them towards payment rail. And so that's what's being created is with a lightning channel is a new payment rail going to a new destination. She says it gives us each of these channels that are sold for like a month, three months or six months at a time. But depending on the price that they're willing to pay, we'll get information about what's the value of liquidity that the market is finding.

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