Bitcoin Well Inc. (TSXV: BTCW; OTCQB: BCNWF) has launched an integration with Nostr

Users can link their Nostr identifier (npub) to their Bitcoin Well account and purchase bitcoin by sending specific commands via direct message.

Bitcoin Well Inc. (TSXV: BTCW; OTCQB: BCNWF) has launched an integration with Nostr, enabling US customers to buy bitcoin (BTC) directly through direct messages on the decentralized social protocol, according to a press release sent to Bitcoin Magazine.

Nostr users can link their identifier (npub) to their Bitcoin Well account and purchase bitcoin by sending specific commands via DM, explained the release. The transactions draw from the user’s Cash Balance and send the purchased bitcoin to their existing Lightning wallet for optimal security.

"This is a great achievement for our team! At Bitcoin Well, we are deeply committed to making buying bitcoin direct to self-custody better than using a custodial exchange. This is a huge step in the right direction. We are meeting bitcoiners where they are and allowing them to buy bitcoin safely," said founder and CEO of Bitcoin Well Adam O’Brien.

Nostr is a decentralized social media protocol which is known for being censorship resistant and works on a network of relays, rather than centralized servers, meaning the users have complete control over which message servers they connect to. This also adds a layer of protection for the customer’s privacy.

The integration aims to simplify the process of buying bitcoin by allowing users to make purchases directly through a social platform they already use.

As a censorship-resistant protocol, Nostr ensures Bitcoin Well and its customers have full control over the service, avoiding any potential restrictions or difficulties.

To enable bitcoin purchases via direct message, users can link their npub to their Bitcoin Well account. They can then initiate a transaction by sending commands such as "/buy $21.00" or "/stack 69000 sats" in a direct message to the Bitcoin Well account.

After sending the command, users will receive a message to confirm the transaction by sending "/confirm."

The purchase will use funds from the user’s Bitcoin Well Cash Balance, and bitcoin will be delivered over the Lightning Network to a pre-registered wallet address.

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