(English translation)
Starting tomorrow, Qerko is suspending Bitcoin payments. Unfortunately, the payment provider has stopped meeting the requirements necessary for processing funds according to current contracts, and Qerko cannot process Bitcoin on its own independently.
Source: https://x.com/pepakriz/status/2017543597583638610
Qerko was a diamond in the rough for paying in Bitcoin at restaurants in the Czech Republic. Merchants using payment processors needed to KYC for a fucking coffee.
Merchants who take the payment on a self custodial wallet are fine.
MiCA is bullshit.
So, paying through a payment processor is like paying with mastercard, both parties need to be KYC, while paying p2p is like cash and no KYC needed?
If that's the case, it is good for bitcoin. It makes clear what is bitcoin (p2p cash) vs IOU virtual currencies
See? That ia the problem, not bitcoin.
Agreed. But it limits my ability to use Bitcoin.
every crisis is an opportunity. Now is time for you to properly onboard those merchants.
By giving them more work, more costs, more employee training required, more time wasted, lower margins.
You sure do have always smart ideas...
You can go to the places you often frequent and explain your situation:
”I used to come here because I could pay with bitcoin through Qerko.. but they removed the option. Now here’s how you can accept bitcoin directly, let me show you..”
I can imagine that having legs if I was a super duper regular.
Qerko was a network of restaurants, and none of them cared about Bitcoin. Likely had no visibility on the chosen payment method.
And you still went to those ones, literally supporting a fiat system, instead of going to the ones that really accept BTC directly. Right, so you are complaining about how fiat system fails.
yea bro cmon what kind of reply is this. are we just supposed to sit here and cry about it?
spooks are always giving these replies
Where are the additional costs coming from? If a merchant starts accepting Lightning payments on their own behalf shouldn’t they be cheaper?
shut up slave, go back to your fiat masters
I hope it stays that way.
More likely, though, they'll have to choose one day whether to comply with ever more new regulations, or accept payments clandestinely.
Always has been an attack. Digital Euro, then abolition of cash. EU is doomed.
No, the worse it gets the merrier, more people will find more sovereign solutions this way
Do hope so. Darwinism in action.
MiCA sounds like an absolutely horrible regulation to deal with. But I'm sympathetic to some other comments here: maybe things will get so bad on the regulation front, that people will come to bitcoin because they actually need it.
Bitcoiners: Bitcoin is permissionless money!
Also Bitcoiners: Be right back! I'm asking the state if I'm allowed to use Bitcoin here.
Also Bitcoiners: The state said, "no". This is bullshit, so sad, HFSP.
This will continue until the infrastructure we build on BTC is aligned with it's permissionless nature.
Here’s a programmer from Qerko who was in charge of BTC payments in Qerko and the author of the X post.
Yeah, the whole situation around regulations forced me to try paving a different path.
Right now, as my side project, I’m building a self-custody payment system similar to Qerko, but based on local-first and open-source principles. It’s called Finito - https://github.com/finitoapp/finito
The merchant runs their own POS (Point-Of-Sale) directly in the browser, and communication with the payment app happens via Nostr. So no backend, no 3rd-party dependencies,...
It will support not only BTC (which will be natively built-in), but also classic fiat currencies. For example, in Czechia there’s the option to pay for services account-to-account, and this method will also be supported in Finito via a plugin.
I’d welcome any help with the project. I'm just at the beginning.
The ambition is also to have an invoicing system in Finito, which could be appreciated by a large number of small entrepreneurs / sole traders.
Why not use bitcoin simple as it is?
Very sad information in between
Good, more people will drink less soymilk now.
https://twiiit.com/pepakriz/status/2017543597583638610