Part 5/12:
Bridging the gap between the theoretical promise of Bitcoin as a medium of exchange and practical merchant adoption remains a challenge. Pierre explains that traditional payment rails—such as Stripe or Square—are custodial by design, incorporating intermediaries that charge fees per transaction, but also introduce custody and regulatory complexity.
Flash's innovation lies in its protocol-level approach, built around the Nostr Wallet Connect standard. This technology enables multiple wallets—be they custodial or self-custodial—to interact directly with merchants' systems, facilitating peer-to-peer transactions without necessarily entrusting funds to a third party.