Bitcoin Magazine
Wavespace Launches MiCA-Compliant Self-Custodial Bitcoin Debit Card Powered by Lightning and NWC
Wavespace, a Bitcoin neobank serving the Eurozone, has announced MiCA compliance of its ‘self-custodial’ debit card. The young fintech company is at the cutting edge of Bitcoin payments technology in Europe, with support for the Lightning Network, and auto DCA to self-custody.
Debit cards in the Bitcoin and broader crypto industry have traditionally worked by preloading custodial accounts with bitcoin or stablecoins. The process of preloading was usually on-chain, taking time to settle and requiring manual input from the user to send from self-custody wallets or cold storage. If the preloaded balance ran out on the card, spending would not be possible.
Wavespace’s self-custody debit card solves these problems with a novel Bitcoin technology called Nostr Wallet Connect, or NWC for short. This protocol, documented in NIP-47, allows users to connect a
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