TLS61: Nicolas Burtey on Stablesats, Galoy, Bitcoin Banks, and El Salvador's Bitcoin Adoption

Nicolas Burtey is the CEO and co-founder of Galoy, an open source banking platform helping communities of any size adopt Bitcoin.

In our talk, we spoke about Galoy’s latest release called Stablesats, we talked about the future of stablecoins and Bitcoin banks, and Nicolas shared some updates on the latest in El Salvador’s Bitcoin adoption.

→ Galoy: https://galoy.io/

→ Adopting Bitcoin Conference: https://adoptingbitcoin.org/2022/

Sponsors

→ Voltage: https://voltage.cloud

→ ZEBEDEE: https://zeb.gg/rooke

Before every show, I ask listeners on Twitter to send in their best questions for future guests. I read off all the questions for the guest, and pick one listener to receive a split of the sats earned for the episode.

To ask a question, send a message, or to support the show, download Fountain from the App Store and load your wallet with a few sats.

→ Fountain: https://www.fountain.fm/

→ More Episodes: https://play.fountain.fm/show/P6XXuSPg6f2rj4ECB0fT

→ Lightning Address: ⚡kerooke@fountain.fm

Links

→ Twitter: https://twitter.com/kerooke

→ Books: https://www.kevinrooke.com/book-recommendations

→ Blog: https://www.kevinrooke.com/blog

Timestamps

00:00 - Intro

02:13 - What Is Stablesats?

08:03 - Stablesats Risks

16:08 - Asset vs. Contract Stablecoins

20:18 - Why Are Stablecoins Being Built on Lightning Now?

24:02 - Will Galoy Earn Money from Stablesats?

29:24 - Galoy Adoption & Bitcoin Banking

35:25 - What Is The Role of a Bank in the Bitcoin Economy?

53:00 - Bitcoin Adoption in El Salvador

1:08:38 - The Lightning Round