0 sats \ 1 reply \ @k00b 15 Dec 2022 \ parent \ on: Synota AMA - Money at the Speed of Energy bitcoin
Excellent! Sounds like most of the bespoke code then is reading from the smart meter at intervals, then having the consumer's node pay the supplier's node.
Are suppliers okay with receiving bitcoin for payment or do they want it exchanged for fiat? Will you be offering that as part of the solution?
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10 sats \ 0 replies \ @max_dignan OP 15 Dec 2022
That's a great point! Many energy suppliers are against holding bitcoin on their balance sheet (or even for relatively short periods), and we plan to have this part of the solution that we provide using external third-party BTC-to-USD conversion services
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