Jumpstarting the Circular Economy in El Salvador with Nicolas Burtey - LNJ049

Lightning Junkies

Transcript: https://sicksub.network/LNJ049Transcript

In this episode of the podcast, we have Nicolas Burtey who is the Co-Founder / CEO at Galoy Wallet. Galoy Wallet is known for creating the branded “Bitcoin Beach” wallet in El Zonte, El Salvador. Bitcoin Beach is a project dedicated to the idea of a circular economy.

We talk about:

• 0:00 - Intro
• 1:50 - Nicolas’ intro to BTC/Lightning
• 4:20 - VR vs Lightning Network
• 6:13 - Developing on Frontier Technologies
• 8:41 - Grassroots Movement vs Corporate
• 11:26 - Created First Company
• 13:46 - Galoy Wallet Philosophy
• 18:05 - Local Reception
• 20:46 - Lightning Network Circular Economies
• 21:30 - Resistance to Lightning Onboarding
• 24:20 - Internet Penetration in El Salvador
• 25:33 - El Salvador, what has changed since Bitcoin 2021?
• 28:21 - Concerns about Chivo Wallet
• 31:00 - Privacy Concerns
• 33:29 - What does privacy look like on the Bitcoin Beach Wallet?
• 35:35 - How to improve Lightning UX?
• 38:36 - Will the Circular Economy Make Sense?
• 41:24 - Call to Action
• 45:04 - Positive Path
• 46:27 - Negative Path

Nicolas’s Twitter: https://twitter.com/nicolasburtey
Galoy’s Twitter: https://twitter.com/GaloyMoney

Galoy’s Website: https://galoy.io/
Bitcoin Beach: https://www.bitcoinbeach.com/

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