The HSBC UK fiat exit gates are closing. From August 2023, we’re limiting the value of payments you can send to cryptocurrency exchanges using: your debit card our digital banking services (Online & Mobile Banking) our branch & contact centres We will apply the following limits: • Payments – £2,500 for a single payment and a total payment limit of £10,000 in any rolling 30-day period • Debit cards – £2,500 for a single card payment and a total card payment limit of £10,000 in any rolling 30-day period

Anyone in UK responding to this with a lightning payments perspective?

GOV.UK

Future of Payments Review 2023: Call for Input

nostr:7ab1d3867722b4cbabb6c8503ab3f9265daa4f82e228cefe302621f4e5ee1f1c imagine me a boy sat in a coffee shop with low lighting and a handful of other customers drinking coffee

nostr:7ab1d3867722b4cbabb6c8503ab3f9265daa4f82e228cefe302621f4e5ee1f1c balance

nostr:7ab1d3867722b4cbabb6c8503ab3f9265daa4f82e228cefe302621f4e5ee1f1c deposit 1000

@StableArtMaker imagine a small tennis ball celebrating winning the Wimbledon tennis championship on centre court as the sun sets

#[0]​ why is the cheetah the fastest land animal?

Pump it up!

Check it out https://www.microstrategy.com/en/lightning/lightning-rewards I would be happy to stack sats for turning up to a company town hall zoom webinar, it would certainly increase attendance!

the Guardian

Bitcoin is terrible for the environment – can it ever go green?

Cryptocurrency mining uses huge amounts of energy, but activists are urging for a change in its code to reduce its environmental impact

Minor reference to what is good about PoW at the end… This means that these energy companies can mine bitcoin during periods of excess production and oversupply. So instead of letting energy go to waste, money can be made and the wealth can be shared between the cryptocurrency mining facilities and the renewable energy companies with which they have a contract. However still a massive hit piece that sees this as a fix rather than integral to PoW!

More nonsense in FT.com Cryptocurrencies: why bitcoin should move to proof-of-stake 

Client Challenge

But was it really Bitcoin that helped El Salvador dodge default? Perhaps the truth is much more mundane. El Salvador regained many investors’ graces in July 2022, after announcing a $1.6bn bond buyback using special drawing rights from the IMF and a $200mn loan from the Central American Bank for Economic Integration. Buybacks in September and December reduced the principal for the 2025 bond to $348mn from $800mn. “The buybacks to some extent fixed their communication issues. They changed from catering to the crypto community back to catering to traditional investors,” says Esteban Tamayo, a Citi economist covering the region. The country is even earning something of a reputation for financial prudence.

Daniel Clifton at Strategas calculates that US policymakers, on net, injected $755bn in liquidity in the first quarter of this year, whereas they were net subtracters of liquidity all through last year. The correlation between changes in liquidity and bitcoin’s price looks tight:

The average daily trading volume of various assets: 1. Gold: $183 billion 2. U.S. Treasuries: $700 billion 3. U.S. equities $170 billion 4. Bitcoin: $21 billion 5. Global forex: $6.6 trillion