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31 sats \ 3 replies \ @Uppercase_DANIEL 21h \ on: Is South Africa Really Leading in Bitcoin Usage (Replacing Fiat) for Retailers? bitcoin
I'm currently in the Garden Route and I get by on bitcoin. Merchants get on boarded at meetups, of which there are many, and they are using btc as a medium of exchange.
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0 sats \ 2 replies \ @spiderman OP 20h
Happy to hear that man. Do most of those merchants keep the sats or exchange onto fiat like steak n shake (in the US) does?
Do you have any visibility into that?
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0 sats \ 1 reply \ @Uppercase_DANIEL 20h
Most of the merchants I've bought from keep the sats. These are the smaller stores and the weekend markets. Blink is the most widely used wallet. Whenever you are scanning a non-bitcoin based QR code on a point of sale device you can be sure they are using a service to auto convert to fiat. But it's all good. The combo of community and corporate will work itself out, and ultimately onboard more bitcoiners.
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0 sats \ 0 replies \ @standard_sats 19h
Hi Daniel, we'd love to learn more about the activities going on on the ground. We built Valet with Fiat channels Lightning implementation.
It is a simple wallet tool that'd enable merchants to accept Bitcoin without worrying about Bitcoin's price volatility, hence there'd be no need for auto conversion as they hold a stable value asset on the Lightning network and can transact with Sats at all times.
If you don't mind, we'd love to personally get in touch and share more, especially with the Bitcoin communities in the country.
Checkout Valet and Fiat channels implementation here: https://standardsats.github.io/ https://github.com/standardsats/fiat-channels-rfc https://github.com/standardsats
All are completely open-sourced. If you'd love to get in touch, please send an email to valet.donations@pm.me or join our Telegram community here:https://t.me/StandardSatsCommunity, mention that you're from stacker_news, and someone from our team will reach out immediately.
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