Lightning is just not a panacea, and it’s best suited to excessive frequency, small granularity funds – which actually doesn’t fulfill all sorts of Bitcoin transactional demand. There’s greater than only one option to transfer {dollars} round – we now have wires, ACH, credit score and debit networks, Fednow, bodily money, remittances, hawala networks, cash orders, and fintech apps, amongst others. Extra abstractly, these might be divided into “push” and “pull” approaches, actual time versus deferred settlement, and gross versus internet settlement fashions. Every has its personal set of tradeoffs, and presents completely different transactional speeds and settlement assurances.
