TLS86: Ben Price on Building The Bitcoin Company, OpenSats, and Improving Payments with Lightning

Ben Price is the co-founder and CEO of The Bitcoin Company (TBC), an app that allows anyone to earn Bitcoin for all their shopping.

In our conversation, we discussed how TBC’s app works, the challenge of disrupting credit card and loyalty point networks all over the world, the importance of the Lightning Network, and the work Ben is doing on OpenSats.

→ The Bitcoin Company: https://thebitcoincompany.com/

Sponsors

→ Voltage: https://voltage.cloud?utm_source=kevinrooke&utm_medium=Youtube&utm_campaign=1mo

→ Stakwork: https://stakwork.com/

This show is a Lightning podcast. That means instead of asking for likes or shares, I ask for sats.

The best way to show your support is to download Fountain from the App Store, load your wallet with some sats, and send them over the Lightning Network to kerooke@fountain.fm.

→ Fountain: https://www.fountain.fm/

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

→ Lightning Address: ⚡kerooke@fountain.fm

Links

→ Stack Sats: https://www.stacksats.how/

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

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

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

Timestamps

00:00 - Intro

02:23 - Ben Price Intro

06:45 - How VISA Payments Work

15:56 - Why Are Fiat Payments So Complicated?

18:38 - How The Bitcoin Company Works

29:08 - Why Merchants Like Credit Cards

39:00 - Disrupting Credit Cards and Airline Rewards

51:33 - Bitcoin Banks

1:01:19 - What Payments Will People Make on Lightning?

1:10:30 - What Is OpenSats?

1:17:13 - The Lightning Round