Hey @BullBitcoin, I used Bull Bitcoin option to pay a (fiat) bill to an IBAN (Instant SEPA).
All worked super fast and smooth. I used the option with LN and onchain. Both options are easy to use and fast. Also the exchange rate was pretty good, no complaints.
Usually I have a friend that pays my fiat bills, so I gave him my sats and he pay from his bank all my fiat bills. But now he went dry on fiat so couldn't do it for me. So I have to use Bull Bitcoin new feature.
My question is: how you guys operate these payments to fiat IBAN?
I am interested to know if my sats goes straight to "Saylor bags" or are kept in Bull Bitcoin bags until somebody else wanted to buy them?
Which scenario is used?
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BullBitcoin take my sats and keep them in a reserve, not selling instantly on open market and they pay the fiat bill with BullBitcoin fiat reserves (or fiat from other users that want to buy BTC).
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BullBitcoin take my sats and instantly selling them on open market (where Saylors are grabbing them).
I would prefer to know that a new nocoiner is buying my sats from BullBitcoin and not going to "Saylor's bags" or other bullshit treasuries reserves.