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10 sats \ 4 replies \ @k00b 15 Dec 2022 \ on: Synota AMA - Money at the Speed of Energy bitcoin
What kind of feedback/interest have you heard from suppliers?
I suspect bitcoin miners are relatively easy to onboard.
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441 sats \ 3 replies \ @aisaacsmitchell 15 Dec 2022
Energy suppliers go to great lengths today to manage cash lag and credit risk. Interest is high to solve these problems. Biggest questions are around the integration with existing accounting systems, etc.
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0 sats \ 2 replies \ @aisaacsmitchell 15 Dec 2022
Also important to note that energy suppliers largely have no interest in receiving bitcoin and have concerns about their exposure to BTC/USD. Our solution allows them to receive USD without any exposure.
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0 sats \ 1 reply \ @k00b 15 Dec 2022
Awesome!
Can you share anymore on how you allow them to receive USD?
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10 sats \ 0 replies \ @aisaacsmitchell 15 Dec 2022
Multiple third-parties provide such services. We will integrate with those that can provide these services cost-effectively and compliantly. Down the road this could be a competitive process.
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