Funding your strike fiat balance with ACH payment methods are slow..very slow.
Strike is protecting themselves from non-sufficient fund rejections 1-5 days after you initiate a fiat deposit.
I bet they were taking some losses from their very generous policy. Imagine this:
- user deposits $100 fiat over ACH to strike
- user immediately pays themselves $100 in btc over LN
- days later, users bank rejects the withdrawal
- strike lost $100 because they can’t claw back the btc
BitcoinJungle / Bitcoin Jungle
npub14f2…v7lu
2023-08-01 19:01:47
in reply to nevent1q…644a
Author Public Key
npub14f26g7dddy6dpltc70da3pg4e5w2p4apzzqjuugnsr2ema6e3y6s2xv7luPublished at
2023-08-01 19:01:47Event JSON
{
"id": "693e22030a8856f8105c0a953c5dda349e3d8374e9de07ce6817c23f0853e1bc",
"pubkey": "aa55a479ad6934d0fd78f3dbd88515cd1ca0d7a110812e711380d59df7598935",
"created_at": 1690909307,
"kind": 1,
"tags": [
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""
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[
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"content": "Funding your strike fiat balance with ACH payment methods are slow..very slow.\n\nStrike is protecting themselves from non-sufficient fund rejections 1-5 days after you initiate a fiat deposit.\n\nI bet they were taking some losses from their very generous policy. Imagine this:\n\n- user deposits $100 fiat over ACH to strike \n- user immediately pays themselves $100 in btc over LN\n- days later, users bank rejects the withdrawal\n- strike lost $100 because they can’t claw back the btc",
"sig": "455bf044548f318f17fc5c994d314ae8033bc7bbc8524347bcb49e51b610547d05a2fa2e1ad11c890fe4f848ee09e9a007fda39b628e1d2a521a8876c04285c8"
}