The SEC approving spot bitcoin ETFs has just given the green light to the banking and financial industry to start working on and offering bitcoin financial products.

Now that the entire US financial system knows bitcoin is not going anywhere because US regulators are embracing it by bringing it into the financial system, banks now know they can work on bitcoin products without any regulatory consequnces. This means we will see bitcoin friendly banks start offering bitcoin friendly financial products.

This product will be a credit card that allows the bill to be paid using a lightning transaction.

Banks know theres a trillion dollars sitting in bitcoin, soon to be $5 trillion then $10 trillion and they want you spending that wealth through them using their cards, not using lightning. They will get your business by offering specific credit card products that allow you to spend on credit anywhere then pay the bill with a simple instant lightning transaction.

This product will be a way for banks to try and maintain control instead of watching the world adopt direct lightning payments everywhere.

Even though banks will be doing it to try and maintain control and relevence eventually everything will be paid for using lightning directly, but in the meantime it will allow bitcoiners the ability to spend credit that can be paid off directly with a lightning transaction, and that is as close as it will get to living directly on bitcoin until the world finally adopts lightning payments everywhere.