Zaprite's Cutting-Edge Technology Takes Center Stage & Redefines Payment Solutions!

Summary

Ben from BTC sessions explores Zap, a versatile payments portal for Bitcoin (BTC) and Lightning Network transactions. He highlights its non-custodial nature, allowing users to maintain control over their funds while offering both on-chain and Lightning payments. Zap's integration with Fiat payments, though not Ben's preference, caters to newcomers transitioning from traditional currency. The platform's ability to customize payment options, such as incentivizing Bitcoin payments over Fiat, is a strategic feature that encourages adoption of Bitcoin. Ben appreciates the all-in-one solution that doesn't compromise user sovereignty, making it an appealing choice for those looking to embrace a Bitcoin-centric lifestyle.

Takeaways

• 🚀 Ben is discussing BTC sessions and promoting Bitrefill, a platform for Bitcoin-based gift cards and services.
• 🔗 Bitrefill offers a variety of gift cards and services that can be purchased with Bitcoin and lightning payments.
• 🎁 New users can sign up with the code 'BTC sessions 10' for special perks.
• 🤔 Ben explores Zap, a payments portal in the Bitcoin ecosystem, initially thinking it's a custodial service.
• 🔒 Zap allows users to maintain full custody of their Bitcoin, contrary to initial impressions.
• 🔗 Ben successfully linked his xub wallet to Zap, enabling onchain payments without custody.
• ⚡ He also set up lightning payments directly to his own lightning node, demonstrating Zap's flexibility.
• 💡 Zap will soon offer a dedicated lightning address for each user, enhancing privacy and convenience.
• 💸 Zap integrates Fiat payments, which Ben uses to accommodate clients transitioning from the Fiat system.
• 📈 Ben encourages Bitcoin payments by adding a premium to Fiat payments, incentivizing clients to use Bitcoin.
• 🌐 The script highlights the importance of self-sovereignty in Bitcoin transactions and the convenience of all-in-one solutions like Zap.

Q & A

What is the main topic of the video?

The main topic is Ben's experience with Zap, a Bitcoin payment portal, and its features.

What does the speaker initially think about Zap?

The speaker initially thinks Zap is a custodial payments window for Bitcoin transactions.

How long did it take the speaker to set up Zap?

It took the speaker a few minutes to set up Zap.

What wallet did the speaker link to Zap?

The speaker linked an xub from a wallet they control.

Can users maintain custody of their Bitcoin with Zap?

Yes, users can maintain custody of their Bitcoin as the funds go directly to their own wallets.

What is the speaker's opinion on Lightning payments with Zap?

The speaker is impressed with the ability to receive Lightning payments directly to their own Lightning node.

What feature does Zap offer for privacy in Lightning payments?

Zap offers the option for Liquid Network Xpubs, which generates a new address for each payment received.

How does Zap integrate Fiat payments?

Zap integrates Fiat payments, allowing users to pay in dollars, and the speaker has set up a premium for Fiat payments to encourage Bitcoin usage.

What other features does Zap offer for Bitcoin and Fiat integration?

Zap allows users to link any Bitcoin wallet, incentivize migration to Bitcoin, and customize the payment options as desired.

What is the speaker's overall impression of Zap?

The speaker likes Zap because it provides an all-in-one solution without putting their funds at risk and allows them to remain self-sovereign.

What is the purpose of the code 'BTC sessions 10' mentioned in the video?

The code 'BTC sessions 10' is a promotional code for signing up on bitrefill.com, offering special perks for new users.

Outlines

00:00

🚀 Introduction to BTC Sessions and Bitrefill

Ben introduces the BTC sessions and promotes Bitrefill as a one-stop shop for living on a Bitcoin standard. He mentions the ability to sign up for gift cards, eims gaming, e-commerce, travel needs, and food, all purchasable with Bitcoin and lightning. A special code 'BTC sessions 10' is offered for signup perks. Ben then delves into his recent experience with Zap, a payments portal in the Bitcoin ecosystem, which he initially misunderstood as a custodial service but found to be a non-custodial platform that allows for immediate control over funds.

Keywords

💡BTC sessions

BTC sessions likely refers to a series of discussions or presentations related to Bitcoin. In the context of the video, it's the platform where Ben is speaking, indicating his involvement with Bitcoin-related content. The term is used to establish the setting and Ben's role within the Bitcoin community.

💡Bitrefill

Bitrefill is mentioned as a platform that offers gift cards for various services, all purchasable with Bitcoin. It represents the integration of Bitcoin into everyday transactions and the ease of using cryptocurrencies for practical purposes, showcasing the growing acceptance and utility of Bitcoin in the market.

💡Zap

Zap is described as a payments portal within the Bitcoin ecosystem. It's a tool that allows users to receive Bitcoin payments without a custodial service, meaning users retain full control over their funds. This is significant in the video as it highlights the importance of self-custody and the user's experience with setting up and using Zap for both on-chain and lightning payments.

💡Custodial payments

Custodial payments refer to a system where a third party holds and manages the user's funds. In the context of the video, Ben initially misunderstands Zap as a custodial service, but later clarifies that it's not, emphasizing the user's direct control over their Bitcoin transactions and the importance of non-custodial solutions in the cryptocurrency space.

💡Lightning Network

The Lightning Network is a layer-2 payment protocol built on top of the Bitcoin blockchain. It allows for faster and cheaper transactions compared to traditional on-chain transactions. In the video, Ben discusses his ability to receive lightning payments directly to his own node, showcasing the efficiency and practicality of the Lightning Network for microtransactions and everyday use.

💡Liquid Network

The Liquid Network is a sidechain to the Bitcoin blockchain, designed for faster and more private transactions. It's mentioned in the video as an upcoming feature on Zap, which will allow for the generation of new addresses for each payment, enhancing privacy and security. This term illustrates the ongoing development and innovation within the Bitcoin ecosystem.

💡Fiat payments

Fiat payments refer to transactions using traditional government-issued currencies. In the video, Ben mentions integrating Fiat payments for clients who are new to Bitcoin, indicating a pragmatic approach to onboarding users into the cryptocurrency world while acknowledging their current payment habits.

💡Self-sovereignty

Self-sovereignty in the context of the video means having full control over one's own funds and financial transactions without relying on a third party. Ben emphasizes this concept by using Zap, which allows him to maintain direct control over his Bitcoin payments, aligning with the core values of the cryptocurrency community.

💡Premium for Fiat

This concept refers to charging a higher price for goods or services when paid for in Fiat currency compared to when paid in Bitcoin. Ben mentions this as a strategy to encourage clients to use Bitcoin, highlighting the preference for cryptocurrency transactions and the potential cost savings for users who adopt Bitcoin as a payment method.

💡Integrations

Integrations in the video refer to the ability of Zap to connect with various Bitcoin wallets and payment methods. This term is used to describe the versatility and user-friendliness of Zap, which can accommodate different payment preferences and needs, making it an all-in-one solution for managing Bitcoin transactions.

Highlights

Ben discusses his experience with Zap, a payments portal in the Bitcoin ecosystem.

Zap is initially perceived as a custodial payments window but offers full custody of Bitcoin.

Ben was able to set up Zap quickly and link it to his wallet, allowing onchain payments.

Zap supports both onchain and lightning payments, with the latter being non-custodial.

Ben successfully integrated lightning payments to his own lightning node without custody issues.

Zap offers the option for liquid payments, generating a new address for each payment.

Zap will soon provide a dedicated lightning address for users to direct payments to.

Ben appreciates Zap's integration of Fiat payments for new Bitcoin users, despite his preference for Bitcoin.

Zap allows adding a premium to Fiat payments to encourage Bitcoin usage.

Ben demonstrates how to customize Zap to fit various payment preferences and needs.

Zap's all-in-one solution does not risk the user's funds as they go directly to the user.

Ben emphasizes the importance of self-sovereignty in financial transactions.

Zap's integrations include various Bitcoin wallets, Fiat, and other payment methods.

Ben highlights the ability to incentivize users to migrate to Bitcoin through Zap.

Zap's platform is designed to be user-friendly and customizable for different use cases.

Ben's overall positive experience with Zap showcases its practical applications in the Bitcoin space.

Transcripts

I'm Ben with the BTC sessions and this

is your bullish bit brought to you by

bitrefill tocom your onstop shop for

living on a Bitcoin standard sign up and

grab gift cards for eims gaming

e-commerce your travel needs food and

much more and you can buy them all with

Bitcoin and lightning sign up today and

use code BTC sessions 10 for some

special

perks I started playing around with

something I hadn't played around with

before and that thing is zap right it's

like a payments portal in the realm of

BTC pay server type thing the impression

that I got that it was basically like a

custodial payments window where you

could use Bitcoin that's not like at all

what it is I mean to a degree I guess it

could be but like you can also do it in

a fully kind of like you instantly get

custody of everything and so I got I got

playing around with it and it's pretty

good I kind of just want to show really

quick what I was looking at so I set it

up it took like me like a a few minutes

but basically I was able to link like an

xub from a wallet which I control and I

can view in Sparrow wallet so like

that's my onchain so I can get onchain

payments just from a page zap right

never custody is it then I was like well

what about lightning is it going to be

either custodial lightning or like a

hosted lightning node or something but I

quickly found out that no I could just

get even through tour because I'm

running a start N I was able to just get

like a couple copy and things and plunk

them in and tested it out and I'm

getting lightning payments directly to

my start 9 lightning node that I've set

up myself in the background and it took

like there was two quick copy paste and

save and I could see it interacting with

my note immediately on top of that you

do have the option for liquid if you're

sending an invoice they're going to have

the option for uh liquid Network X pubs

to soon which means it'll generate a new

address every time you receive a a

payment pretty soon they're going to

have a dedicated lightning address that

you can point to your lightning note of

choice which would be my own and so all

of the sudden I could just have like a

tip page but it goes to my start n

lightning node which is incredible and

then on top of that they also integrate

Fiat payments which I don't like Fiat

payments but also I deal with a lot of

brand new people to bitcoin that are are

literally hiring me oneon-one so that I

can teach them how to exit the Fiat

system and so they want to pay in

dollars because they have no other

method so I can integrate that too and

the kicker is that you can add a premium

to Fiat payments so you can set like the

price is this but if you pay on Fiat

it's 10% more it's 20% more so I've now

done that so that people are encouraged

to pay in Bitcoin as soon as they're

able and so basically I'll show you

really quick these these are all the

Integrations that they currently have

number one you can any Bitcoin wallet

that you have you just Link in so like

all of these Bitcoin and Fiat and just

kind of everything and then you can

incentivize people to migrate to bitcoin

so it's kind of all baked into one and

and for me it makes a hell of a lot of

sense in the aspect of I didn't want to

give up custody I didn't want to be

sitting in custody and also there's been

a lot of pinch on anybody that is

custody even if it's like lightning for

small amounts we just saw a wallet of

Satoshi basically exit the us being like

we don't we don't want to deal with the

consequences of what could be coming

down the pipe for us so the long and the

short of it is I like that there's these

solutions that are kind of allinone that

don't put at risk my funds because they

go directly to me and I'm still

remaining pretty self- Sovereign through

all of this because any Bitcoin payment

is directly into my own custody but I

have the option to lightly nudge normies

into paying with Bitcoin as they see fit

and you can customize it however you

want