Session Recap: Learn Chama Own Your Money
Yesterday's session with Jetty from Chama was an insightful, interactive session on how Chama enables peer to peer trading with no third parties involved.
What is Chama? A peer to peer marketplace for trading Bitcoin, goods, and services within your community no company sits in the middle. Users sign in with a cryptographic key (the Nostr standard) instead of email or password, and select a "community" based on their country and currency.
How a trade works: Every trade moves through clear stages Reserved β Locked (funded in escrow) β Delivery/Payment β Released β Claimed β Settled. Safety is built on a 2-of-3 escrow : buyer, seller, and a community arbiter two of the three must agree before funds move. The arbiter only steps in during disputes and can never seize funds outright.
Fees: Chama itself charges nothing; a small optional 0.5% insurance premium (split buyer/seller) goes to the arbiter backing the trade.
Cashing out: Kenyan users enjoy instant M-Pesa payouts via Tando; other regions can use local partners, Lightning, or onchain Bitcoin. Between trades, balances stay at zero nothing for anyone to freeze or drain.
Bottom line: Trust the math, not a middleman.
Big thanks to Jetty and everyone who joined from Tanzania, Kenya, Uganda, Nigeria, and Malawi! π
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Session Recap: Learn @getchama_app Own Your Money
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