The Lightning Network has struggled to meet its promise of low-fee, decentralized payments due to increasing KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Platforms like Fountain and Strike face significant hurdles with international transfers, particularly in the UK and Australia, where banks require proof of wallet ownership. The speakers criticize industry figures like Jack Mallers for failing to support universal standards like KeySend, which could have simplified the ecosystem.
