Techub News reported that Bitcoin neobank Sat Pay is set to go live on the Core DAO Layer1 network. The project is designed to let users save, borrow and spend stablecoins without selling their Bitcoin holdings. It does this by linking self-custodied yield-bearing Bitcoin to global debit cards for payments. Sat Pay says the product is meant to bridge traditional finance and the Bitcoin ecosystem, giving users a way to access liquidity while keeping their BTC positions intact. Core DAO, where the launch will take place, is an EVM-compatible Layer1 blockchain backed by Bitcoin mining power and focused on expanding Bitcoin’s functionality and use cases.
Bitcoin neobank Sat Pay is preparing to launch on Core DAO, a Layer1 network, according to Techub News.
The project will allow users to save, borrow and spend stablecoins without selling their Bitcoin. It also connects self-custodied yield-bearing Bitcoin to global debit cards for payments.
Sat Pay is aimed at linking traditional finance with the Bitcoin ecosystem and offering users a way to tap liquidity without exiting their holdings.
Core DAO is an EVM-compatible Layer1 blockchain supported by Bitcoin mining power. The network is focused on extending Bitcoin’s functions and application scenarios.
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