According to a press release sent to BitCoin Magazine, Bitcoin Wells Corporation (TSXV:BTCW; OTCQB:BCNWF) has launched integration with NOSTR to enable our customers to purchase Bitcoin directly through direct messages on decentralized social protocols.
Users can link their NOSTR identifier (NPUB) to their Bitcoin well account and purchase Bitcoin by sending specific commands directly. Transactions are taken from the user’s cash balance and the purchased bitcoins are sent to their existing Lightning Wallet for security.
NOSTR is a decentralized social media protocol that has censorship resistance and runs on a relay network instead of a centralized server. This means that the user has complete control over their message server. It also adds a layer of protection to customers’ privacy.
Integration simplifies the process of buying Bitcoin by allowing users to make purchases directly through the social platform they already use. As a patient protocol, NOSTR ensures complete control of Bitcoin and its customers, avoiding restrictions and potential censorship.
“It’s a great achievement for our team!” said Adam O’Brien, founder and CEO of Bitcoin Well. “We are very committed to making buying bitcoin directly better with using custody communication. This is an important step in the right direction. We are encountering bitcoin and allowing them to buy bitcoin safely.”
Users can link their NPUB to their Bitcoin Well account to enable Bitcoin purchases with direct messages. Command/Buy $21.00 or /stack 69000 SAT initiates the transaction, confirm by sending/confirmation. Purchase funds using the user’s Bitcoin well cash balance, and Bitcoin is delivered to the pre-registered wallet address via the Lightning Network.
