Went looking through the talking points for the full list of things Trustless Bitcoin Vaults (TBV) is supposed to support and two of them stopped me credit cards and insurance.
Lending stablecoins perps all three get actual design sections in the whitepaper. Architecture workflows Benefits all spelled out Credit cards and insurance show up in the list of Applications native BTC collateral could power but neither one gets anything close to that Treatment anywhere in the technical Material.
Compared to the three designed use cases, that's a real Gap not just less detail. A credit card product needs things lending doesnt instant authorization meerchant settlement timing, chargeback haAndling. None of that shows up in any section I have read.
Not saying it cant work eventually. The underlying vault prImitive is general enough that it probably could the same way it stretches across lending, stablecoins, and perps already.
Just noting that CRedit cards and insurance" right now reads more like a category the team believes is reachable than a product with any published mechanics behind it.
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Lending stablecoins perps all three get actual design sections in the whitepaper. Architecture workflows Benefits all spelled out Credit cards and insurance show up in the list of Applications native BTC collateral could power but neither one gets anything close to that Treatment anywhere in the technical Material.
Compared to the three designed use cases, that's a real Gap not just less detail. A credit card product needs things lending doesnt instant authorization meerchant settlement timing, chargeback haAndling. None of that shows up in any section I have read.
Not saying it cant work eventually. The underlying vault prImitive is general enough that it probably could the same way it stretches across lending, stablecoins, and perps already.
Just noting that CRedit cards and insurance" right now reads more like a category the team believes is reachable than a product with any published mechanics behind it.
$BANK $KOMA
#ShareYourVote
@BabylonLabs_io $BABY #baby
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